Category: Tech

Toshiba says it's suing Western Digital for $1 billion

Kazuhiro Nogi | AFP | Getty Images A shareholder of Toshiba arrives at a shareholders’ meeting in Chiba, Chiba prefecture in Japan on June 28, 2017. Japan’s Toshiba said on Wednesday it is filing a lawsuit against joint venture partner Western Digital. Toshiba is claiming 120 billion yen ($1.07 billion) in damages, saying in a…

Toshiba Misses Its Deadline for a Deal for Its Microchip Unit

The buyers Toshiba chose last week include a Japanese government-controlled investment fund, the Innovation Network Corporation; the Development Bank of Japan, a state-owned bank; and the American buyout firm Bain Capital. The South Korean technology company SK Hynix is to provide loans to finance the deal. Continue reading the main story Toshiba had intended to…