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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 215.03-2.5%Nov 26 3:59 PM EST
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To: bigchad who wrote (3355)12/12/2017 5:05:08 PM
From: Charlie Smith   of 4833
 
Western Digital and Toshiba (TOSBF) reach global settlement and agree to strengthen flash memory collaboration (81.77 +0.57)

Cos have entered into a global settlement agreement to resolve their ongoing disputes in litigation and arbitration, strengthen and extend their relationship, and enhance the mutual commitment to their ongoing flash memory collaboration. As part of this agreement, TMC and Western Digital will participate jointly in future rounds of investment in Fab 6, the state-of-the-art memory fabrication facility now under construction at Yokkaichi, including the upcoming investment round announced by Toshiba in October 2017. Fab 6 will be entirely devoted to the mass production of BiCS FLASH™, the next-generation of 3D flash memory, starting next year. TMC and Western Digital similarly intend to enter into definitive agreements in due course under which Western Digital will participate in the new flash wafer fabrication facility which will be constructed in Iwate, Japan. The parties will strengthen their flash memory collaboration by extending the terms of their joint ventures. Flash Alliance will be extended to December 31, 2029 and Flash Forward to December 31, 2027. Flash Partners was previously extended to December 31, 2029.
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