Toshiba Signs Agreement With Western Digital on Acquisition of HDD Manufacturing Equipment

Toshiba Corporation announced that it has entered into a definitive agreement with Western Digital Corporation on Toshiba's acquisition of certain of Western Digital's 3.5-inch HDD manufacturing equipment and related intellectual property, and the transfer to Western Digital of Toshiba Storage Device (Thailand). Toshiba's wholly-owned HDD manufacturing subsidiary located in Thailand.
Toshiba and Western Digital aim to complete the acquisition and transfer by March of this year after obtaining approval from the relevant authorities. Read more