Chip Unit: Japanese Company and Sale Process

chip unit: He also argued that the rumored bidders were unsuitable and the reported prices offered were above the fair and supportable value of the chip business, according to a person familiar with the process, according to The Japan Times. Toshiba and Western Digital are joint owners of certain chip business facilities. Western Digital Chief Executive Officer Steve Milligan wrote a letter to Toshiba's board members on Sunday advising them that they should negotiate exclusively with his company before any sale. Western Digital's contentions may add another roadblock to the troubled process of finding a buyer for Toshiba's chip unit. Analysts cautioned that Western Digital does have legal rights that will bear on the sale process. The Japanese company needs cash to help shore up finances hurt by losses from its Westinghouse nuclear business in the U.S. and has warned that its very survival is at risk. (news.financializer.com). As reported in the news.