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Western Digital Reaffirms Its Commitment to Making Significant Investments in NAND Flash-Memory Joint Ventures, Including Fab 6 Equipment at the Yokkaichi Facility
The JV operations are governed by agreements entered into by both partners. The agreements set out a framework for any investment by the partners in NAND manufacturing capacity - such as the investment in equipment for Fab 6. The agreements give us priority to participate in joint investments in Fab 6 equipment through the JVs, and that is exactly what we intend to do.
Our Board of Directors has authorized investments for our share of initial Fab 6 equipment. We remain committed to making continued significant investments in Yokkaichi and the surrounding communities to support the JVs and preserve Yokkaichi as the world's centerpiece of innovation in memory technology development and manufacturing.
The company also noted that, on
SanDisk is confident that it will succeed in its claims in arbitration
in the
About
Forward-Looking Statements
This news release contains certain forward-looking statements, including
statements concerning the JVs, SanDisk's rights under the JV agreements,
its actions to protect such rights and its commitment to the success of
the JVs, and ongoing proceedings with respect to those rights. There are
a number of risks and uncertainties that may cause these forward-looking
statements to be inaccurate including, among others: uncertainties with
respect to the company's business ventures with Toshiba; volatility in
global economic conditions; business conditions and growth in the
storage ecosystem; impact of competitive products and pricing; market
acceptance and cost of commodity materials and specialized product
components; actions by competitors; unexpected advances in competing
technologies; our development and introduction of products based on new
technologies and expansion into new data storage markets; risks
associated with acquisitions, mergers and joint ventures; difficulties
or delays in manufacturing; and other risks and uncertainties listed in
the company's filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170803005970/en/
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Contacts:
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