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Toshiba Memory rejoins global chip race with $4.5bn plant

New opening signals reconciliation with Western Digital but headwinds still strong

The new fabrication plant at Toshiba Memory's Yokkaichi facility will produce cutting-edge memory chips, but demand is starting to slow.

TOKYO -- Toshiba Memory on Wednesday marked the opening of a cutting-edge chip fabrication plant, signaling a return to the race against Samsung Electronics and other rivals, but it now faces a changed business landscape weighed down by oversupply.

The heads of Toshiba Memory and Western Digital both attended the opening ceremony for Fab 6 at the Yokkaichi facility in Japan, the first new facility in roughly two years. This marked their first public appearance together after the two men reconciled following the contentious sale of the former Toshiba unit, which was fiercely opposed by its American chipmaking partner.

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