SAN FRANCISCO: A California judge put on hold Friday a request by Western Digital to block the sale of Toshiba’s chip division, suggesting a more collaborative order. In the meantime, the court ordered Toshiba to not complete the sale. Toshiba was free to continue negotiations for the sale of the chip division as the matter made its way to likely arbitration in an international forum. The sale involving state-backed buyers means the Japanese government will effectively own the chip division. Western Digital, which jointly runs a key chip plant in Japan, opposes the sale.

Source: New Strait Times July 15, 2017 03:22 UTC