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Western Digital takes legal action to block sale of Toshiba's chip unit

Reuters  |  TOKYO 

By Makiko YamazakiTOKYO (Reuters) - Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate.Although the two companies jointly operate Toshiba's main semiconductor plant, Western Digital is not seen as a favoured bidder for the world's second biggest NAND chip producer, having put in a much lower offer than other suitors, a source with knowledge of the matter has said.A legal battle could delay or put an end to the auction that ...

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First Published: Mon, May 15 2017. 14:10 IST