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Western Digital CEO Apologises to Toshiba For Feud Over Chip Unit Sale

Western Digital CEO has apologised to Toshiba after the companies experienced friction over the sale of memory chip joint venture.

Reuters

Updated:September 1, 2017, 4:39 PM IST
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Western Digital CEO Apologises to Toshiba For Feud Over Chip Unit Sale
Toshiba. Representative Image. (Image: Reuters)
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The head of Western Digital Corp apologised to Toshiba Corp's CEO for strained ties after it sued the Japanese company to keep their memory chip joint venture from being sold to rival bidders, according to a letter dated August 11. "I understand that the litigation and ongoing disputes have created significant ill will for some within Toshiba. This is regrettable and I am deeply sorry for the feelings this has created," Western Digital Chief Executive Stephen Milligan wrote in the letter, which was seen by Reuters.

Milligan also sought in the letter to reassure Toshiba CEO Satoshi Tsunakawa that the U.S. firm would address any concerns that Apple Inc, a key customer of Toshiba's NAND flash memory chips, might have if a deal with Western Digital was struck. Apple has joined a rival consortium led by Bain Capital that is bidding for Toshiba's chip unit, sources with direct knowledge of the matter have said.

People familiar with the talks have said Apple is likely concerned about being on the backfoot in pricing power if Toshiba, the world's No. 2 producer of NAND chips, struck a deal with Western Digital, which ranks No. 3. Representatives of both Western Digital and Toshiba said they could not immediately comment on the letter.

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