Toshiba Corporation's Statement Regarding the Request for Arbitration Filed by Western Digital's SanDisk Concerning Investment in Toshiba's Fab 6

TOKYO--(BUSINESS WIRE)-- Western Digital Corporation’s subsidiary SanDisk LLC (SanDisk) and certain of its subsidiaries, through their attorneys, have notified Toshiba Corporation (TOKYO: 6502)(Toshiba) and Toshiba Memory Corporation (TMC), a wholly owned subsidiary of Toshiba, that they have initiated arbitration regarding TMC’s planned investments for additional BiCS capacity at TMC's Yokkaichi Operations, including at its Fab 6 building. Although Toshiba has not yet received a formal copy of the arbitration request, and is therefore not in a position to comment regarding its substance, Toshiba is disappointed by Western Digital’s initiation of additional arbitration at this important time for the parties’ collaboration.

As previously announced, production at Fab 6 will be entirely devoted to BiCS FLASHTM, Toshiba’s premiere 3D Flash memory product. Phase-1 of the fab is scheduled for completion in summer 2018, and will be a unilateral investment by Toshiba following SanDisk’s unwillingness to agree to reasonable commercial terms.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170921005544/en/

Media Contact
Toshiba Corporation
Kaori Hiraki, +81-3-3457-2100
Public Relations & Investor Relations Division
[email protected]
Fax: +81-3-5444-9202

Source: Toshiba Corporation

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