Toshiba Samsung Storage Technology

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Toshiba Samsung Storage Technology Corporation
Company typeStorage Technologies
IndustryData storage
Founded1 April 2004
Headquarters
Shibaura, Minato, Tokyo, Japan
Key people
Hiroshi Suzuki, President & CEO
ProductsOptical disc drives
OwnerOptis Co., Ltd.
Websitehttp://www.tsstodd.com/

Toshiba Samsung Storage Technology Corporation (abbreviated TSST) was an international joint venture company of Toshiba (Japan) and Samsung Electronics (South Korea). Toshiba used to own 51% of its stock, while Samsung used to own the remaining 49%. The company specialised in optical disc drive manufacturing. The company was established in 2004.

A slimline DVD Writer TS-L633

The company's headquarters is located in Shibaura, Minato, Tokyo, Japan with Hiroshi Suzuki as its President and CEO. Its subsidiary, Toshiba Samsung Storage Technology Korea Corporation is located in Suwon, South Korea, and headed by Dae Sung Kim.

Each corporation in Japan and Korea has the individual directorate system. For the business issues, TSST has been discussing it through the common relevant organization for mutual consent. TSST is currently responsible for the product development, marketing and sales, and has been taking advantage of the existing network of Samsung Electronics and Toshiba for manufacturing, sales, and after-sales service.

In October 2009, TSST had received a subpoena from the U.S. Justice Department for possibly violating the antitrust laws.[1]

Samsung and Toshiba sold their stakes in TSST to Optis Co., Ltd., a Korean manufacturer that made products for TSST under contract.[2]

In 2016 TSST entered Chapter 15 bankruptcy protection in Delaware US, shielding it from most U.S. creditor actions while the company reorganizes its business in Korea’s court system and restructures a $78 million debt.[2]

See also

References

  1. ^ "U.S. investigating optical disc drive industry". Reuters. October 27, 2009. Retrieved November 10, 2013.
  2. ^ a b Montgomery, Jeff (July 2, 2016). "Toshiba-Samsung JV Wins Korean Bankruptcy Shield". Law360. Retrieved July 7, 2017.

External links

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