Toshiba and SanDisk Announce Start of Equipment Installation at Yokkaichi's New Fab 2
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October 21, 2015 8:43 AM EDT
Jefferies reiterated a Buy rating on Western Digital Corp. (NASDAQ: WDC), and cut the price target to $111.00 (from $116.00), ahead of possible merger with Sandisk (NASDAQ: SNDK). Bloomberg has reported that WDC may acquire SNDK for... More
October 21, 2015 6:21 AM EDT
Sandisk (NASDAQ: SNDK) disclosed the following on Wednesday:
Item 1.01 Entry Into a Material Definitive Agreement
On October 20, 2015, SanDisk Corporation (SanDisk) entered into a New Y2 Facility Agreement (the Agreement) by and among SanDisk, several wholly owned SanDisk subsidiaries, Toshiba Corporation (Toshiba) and their semiconductor manufacturing joint ventures, Flash Partners, Ltd. (Flash Partners), Flash Alliance, Ltd. (Flash Alliance) and Flash Forward, Ltd. (Flash Forward, together with Flash Partners and Flash Alliance, Flash Ventures) setting forth their agreement regarding the construction and operation of a new 300-millimeter wafer fabrication facility in Yokkaichi, Japan, referred to as New Fab 2.... More
October 21, 2015 6:19 AM EDT
Sandisk (NASDAQ: SNDK) and Toshiba announced the start of equipment installation in the New Fab 2 facility at Yokkaichi Operations. New Fab 2 is primarily intended to provide the clean room space necessary to transition a significant portion of the current Yokkaichi 2D NAND capacity to 3D flash memory. The companies also signed definitive... More
