TOKYO -- Toshiba's flash memory arm plans to pour more than 300 billion yen ($2.68 billion) a year into capital investment to ramp up production amid a shortage -- an effort for which it hopes to enlist partner Western Digital's help, despite a legal row.
Toshiba Memory President Yasuo Naruke discussed the manufacturer's investment plans Friday at a news conference in Yokkaichi, Mie Prefecture, the site of the parent's flagship chip fabrication facilities. Naruke, also an executive officer at Toshiba itself, is the first top official at the Japanese conglomerate to hold a news conference since the Sept. 28 announcement of a deal to sell the memory unit to a Japanese-American-South Korean consortium.
