Western Digital says Toshiba's law suit in chip dispute to harm customers, shareholders
Toshiba Corp on Wednesday had sued Western Digital for 120 billion yen ($1 billion) regarding a dispute over the sales of its prized memory chip unit.
- Toshiba Corp had taken legal action against Western Digital Corp on Wednesday
- Dispute over the sale of its prized memory chip unit
- Toshiba Corp sued Western Digital Corp for $1 billion
Western Digital Corp said on Thursday that legal action and other moves taken by Toshiba Corp in their dispute over the sale of its prized memory chip unit were harming Toshiba's stakeholders and customers.
Toshiba filed a lawsuit on Wednesday against Western Digital - which jointly runs Toshiba's main semiconductor plant - for 120 billion yen ($1 billion), claiming that an arbitration request and lawsuit by the California-based firm interfered with the sale of the chip unit.
It also blocked certain Western Digital employees from accessing databases related their joint ventures.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.