29 - 03 - 2024
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Western Digital Corp. (NASDAQ: WDC) today announced that the Court of California for the County of San Francisco ("the Court") directed Toshiba Corporation ("Toshiba") not to transfer its interests in its three NAND flash-memory joint ventures ("the JVs") operated with Western Digital's SanDisk subsidiaries without specified advance notice to SanDisk, in order to ensure that the issue is preserved for arbitration. Today's hearing was held in connection with the preliminary injunctive relief proceedings sought by SanDisk related to Toshiba's attempts to transfer its JV interests.

Steve Milligan, chief executive officer of Western Digital, stated, "We are grateful for today's directive by the Court, which is a victory for Western Digital, SanDisk and our stakeholders. Our entire goal was to preserve and protect our rights through the binding arbitration process, and that's precisely what the Court has done today. This is the second time this week that the Court has acted to protect SanDisk's rights and interests against Toshiba."