Toshiba, SanDisk Prep $4.1B Flash Memory Plant

Law360, New York (August 6, 2013, 6:31 PM EDT) -- Japanese technology conglomerate Toshiba Corp. and its California-based joint venture partner, SanDisk Corp., will spend 400 billion yen ($4.1 billion) to build a memory chip production factory at their plant in Yokkaichi, the Japanese newspaper Nikkei reported late Monday.

Toshiba and SanDisk — a Milpitas. Calif.-based manufacturer of flash memory cards — currently operate a venture to make so-called NAND flash memory, one of two basic memory technologies for portable computer storage devices such as flash drives. The two technology firms operate the Yokkaichi plant, which...
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