{"id":35474,"date":"2017-07-19T05:47:46","date_gmt":"2017-07-19T05:47:46","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=35474"},"modified":"2017-07-19T05:47:46","modified_gmt":"2017-07-19T05:47:46","slug":"western-digital-ceo-meeting-japan-officials-over-toshiba-sources","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/lifestyle\/western-digital-ceo-meeting-japan-officials-over-toshiba-sources.html","title":{"rendered":"Western Digital CEO meeting Japan officials over Toshiba: sources"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"color: #000000;font-family: Arial, Helvetica, sans-serif\">Western Digital CEO meeting Japan officials over Toshiba: sources<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">Western Digital Corp&#8217;s top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company&#8217;s planned sale of its chip business, sources familiar with the matter said on Tuesday.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse but it has been locked in a legal battle with Western Digital, which is a joint venture partner in the memory chip business.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">In June, Toshiba announced its preferred bidder was a group made up of Japanese-government backed funds, Bain Capital and South Korean chip maker SK Hynix.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">Western Digital, which also wants to buy the memory chip business, sought an injunction to block the transaction, arguing that any sale required its consent.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">Western Digital CEO Steve Milligan is meeting with officials who were recently appointed to senior positions at the Ministry of Economy, Trade and Industry (METI), the sources said.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">METI has been trying to orchestrate the sale in an effort to keep Toshiba&#8217;s semiconductor technology in domestic hands.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">A U.S. court judge on Friday postponed a decision on Western Digital&#8217;s injunction request and proposed requiring Toshiba to give the U.S. company two weeks notice before closing the sale.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">It is unclear whether Milligan will meet Toshiba executives, said the sources, who declined to be named because the talks were private.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">A Western Digital spokeswoman confirmed Milligan&#8217;s visit to Japan but declined to comment on details.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">source:-http:\/\/www.reuters.com\/article\/us-toshiba-accounting-western-digital-idUSKBN1A31LA<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/lifestyle\/western-digital-ceo-meeting-japan-officials-over-toshiba-sources.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Western Digital CEO meeting Japan officials over Toshiba: sources Western Digital Corp&#8217;s top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company&#8217;s planned sale of its chip business, sources familiar with the matter said on Tuesday. Toshiba is scrambling [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-35474","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/35474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=35474"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/35474\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=35474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=35474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=35474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}