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YOKKAICHI, Japan (AP) — At Toshiba's flash-memory chip plant in Yokkaichi, the orderly quiet of the clean room, with its metal boxes zipping around on overhead rails, contrasts sharply with the messy feud between its owners over plans to sell this prized asset.
The technology sector is back in favor on Wall Street. The Technology Select Sector SPDR Fund (NYSEARCA:XLK) is up almost 25% this year yet Seagate Technology PLC (NASDAQ:STX) is down 10% for the same period. Barriers to entry into the tech components sector are somewhat high, so the players like STX will all likely prosper for the next few years.
TOKYO (AP) — Toshiba's long meandering sale of its computer memory business took another turn Wednesday, as the Japanese nuclear and electronics company's announcement of a deal with a consortium was immediately met with opposition from U.S. joint venture partner Western Digital.
TOKYO (AP) — Toshiba Corp. said Wednesday it is suing its joint venture partner Western Digital over the U.S. company's opposition to a plan to sell the Japanese electronics and energy giant's memory chip unit.
TAIPEI, Taiwan (AP) — The chairman of Taiwanese electronics giant Foxconn said Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by early August for at least three states.
TOKYO (AP) — Toshiba, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion yen ($8.4 billion) net loss for the fiscal year ended March.
TOKYO (AP) — Japanese electronics maker Toshiba is facing resistance from its U.S. joint venture partner Western Digital over Toshiba's plans to sell its computer-chip business to anyone else, and Toshiba is fighting back.
Acquiring a stake in joint venture partner Toshiba's chip unit would both increase Western Digital's flash memory exposure, and provide strategic benefits.
Following up on rival Seagate's earnings beat on Tuesday, Western Digital late Wednesday also posted December-quarter EPS and sales that topped views.
Samsung's fourth-quarter comeback looks based on chips and displays sales, but intensifying competition raises sustainability questions.
Western Digital President Mike Cordano says the disk drive leader is ready for data storage's 'third platform' now that it's added SanDisk.