Toshiba Samsung Storage Technology
|Founded||1 April 2004|
|Hiroshi Suzuki, President & CEO|
|Products||Optical disc drives|
Samsung Electronics 49%
Toshiba Samsung Storage Technology Corporation (abbreviated TSST) is an international joint venture company of Toshiba (Japan) and Samsung Electronics (South Korea). Toshiba owns 51% of its stock, while Samsung owns the remaining 49%. The company specialises in optical disc drive manufacturing. The company was established in 2004.
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.
Samsung and Toshiba sold their stake in TSST to Optis Co., Ltd., a Korean manufacturer that made products for TSST under contract.
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.
- "U.S. investigating optical disc drive industry". Reuters. October 27, 2009. Retrieved November 10, 2013.
- Montgomery, Jeff (July 2, 2016). "Toshiba-Samsung JV Wins Korean Bankruptcy Shield". Law360. Retrieved July 7, 2017.
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