Toshiba Corp. plans to build a new semiconductor manufacturing company in Iwate, northern Japan. The decision has been taken even though the brand seeks to sell memory chips for raising funds.
According to a statement, the company is on the verge of considering whether the joint venture partner, SanDisk would be involved with the investment. SanDisk is nothing but an American company owned by Western Digital Corp.
Once the conversation came to a halt, Western Digital withdrew from bidding for Toshiba’s flash memory chip business. The matter was confirmed from different sources, which said that Western Digital is on the brink of seeking to take control in the joint venture.