Toshiba Memory Corporation

Toshiba Memory Corporation announced plans for a new memory fabrication facility (Fab 7) in Kitakami, Iwate prefecture, with an initial investment of approximately 7 billion yen for site preparation and construction work in FY2017. The facility will produce BiCS Flash memory.

Toshiba announced a ¥7 billion preliminary investment for a new semiconductor plant in Kitakami, Iwate Prefecture, to mass-produce next-generation 3D memory. Construction is planned for 2018, with mass production starting in 2020.

Toshiba, Toshiba Memory, and Western Digital agreed to resolve arbitration and litigation, and strengthen collaboration on flash memory. They will jointly invest in equipment for the Yokkaichi Plant's Fab 6, which is under construction for 3D flash memory production starting in 2018, and discuss Western Digital's participation in a new fab planned in Iwate.

Toshiba Memory Corporation will invest approximately ¥110 billion in manufacturing equipment for the Fab 6 clean room at Yokkaichi Operations, as a second investment for 96-layer 3D Flash memory production.

A Bain Capital-led consortium has signed a definitive agreement with Toshiba Corporation to purchase all shares of Toshiba Memory Corporation. Toshiba remains a significant investor, and Hoya will also invest as a common equity holder.