Toshiba will build a $1.8 billion memory plant in Japan

Toshiba has announced that it is moving forward with its plans to build a new memory chip plant without its partner Western Digital. The company will spend $1.8 billion on the construction of Fab 6 of its new Yokkaichi semiconductor facility that will be located in Western Japan. Toshiba currently owns the land and buildings at the factor though it has divided investments in production equipment with SanDisk since the two companies began their joint venture in 2004. The fact that Western Digital acquired SanDisk early last year has led to an ongoing legal fight between it and Toshiba. Toshiba hopes to sell its… [Continue Reading]