Toshiba Corporation’s Statement Regarding the Request for Arbitration Filed by Western Digital’s SanDisk Concerning Investment in Toshiba’s Fab 6

TOKYO–(BUSINESS WIRE)–Western Digital Corporation’s subsidiary SanDisk LLC (SanDisk) and
certain of its subsidiaries, through their attorneys, have notified
Toshiba Corporation (TOKYO:6502)(Toshiba) and Toshiba Memory Corporation
(TMC), a wholly owned subsidiary of Toshiba, that they have initiated
arbitration regarding TMC’s planned investments for additional BiCS
capacity at TMC’s Yokkaichi Operations, including at its Fab 6 building.
Although Toshiba has not yet received a formal copy of the arbitration
request, and is therefore not in a position to comment regarding its
substance, Toshiba is disappointed by Western Digital’s initiation of
additional arbitration at this important time for the parties’

As previously announced, production at Fab 6 will be entirely devoted to
BiCS FLASHTM, Toshiba’s premiere 3D Flash memory product.
Phase-1 of the fab is scheduled for completion in summer 2018, and will
be a unilateral investment by Toshiba following SanDisk’s unwillingness
to agree to reasonable commercial terms.

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