From EETimes: Toshiba and Western Digital are nearing a settlement that end litigation between the firms which continues to be an obstacle to finalizing an $18 billion deal by Toshiba to sell its semiconductor business to a consortium led by private equity firm Bain Capital, according to a report by the Reuters news service.
The settlement — which has not been finalized — would give Western Digital the ability to participate in upcoming capacity expansions, including a new fab line at Toshiba's Yokkaichi Operations site and a greenfield fab planned for next year in Northern Japan, according to the report, which cites unnamed sources.
A deal would also extend the joint venture agreements between the two firms beyond 2021, when they start to expire, the report states.
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