Toshiba to invest in chip line without JV partner Western Digital

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TOKYO (Reuters) – Toshiba Corp said on Thursday it would go ahead with the capital investment to build a memory chip production line without joint venture partner Western Digital Corp.

The Japanese company said it has increased the initial amount of capital investment in the Fab 6 production line to 195 billion yen ($1.76 billion), up by 15 billion yen from its original estimate, because it is now going it alone.

In a statement, Toshiba said it had been in talks with Western Digital’s SanDisk about investment jointly in the chip production line but they have not been able to reach an agreement.

Reporting by Taiga Uranaka; Editing by Chris Gallagher