Western Digital Corp. today issued the following in response to Toshiba Corporation’s (“Toshiba”) statement that it will transfer back the three NAND flash-memory joint ventures (“the JVs”) operated with Western Digital from Toshiba Memory Corporation (“TMC”):

Toshiba Corporation has resolved to revert to itself from Toshiba Memory Corporation (TMC), the stake of a joint venture (JV) between Toshiba and SanDisk LLC (SanDisk) at Yokkaichi Operations, which manufactures flash memories. TMC was split from Toshiba Corporation on April 1 2017, as a wholly owned subsidiary responsible for the memory business.