Western Digital has so far prevailed over other suitors for SanDisk, which has a market capitalisation of USD 14.6 billion, the people said. The negotiations are ongoing and a deal is not certain, the people added.
SanDisk, valued at about USD 12.6 billion as of the stock's close on Tuesday, has hired a bank to help with the process, Bloomberg reported, citing sources familiar with the matter.
Police had obtained a warrant for the arrest of a former engineer at a Toshiba-affiliated chipmaker who was suspected of improperly providing technical data to SK Hynix Inc.
Chipmaker SanDisk Corp's fourth-quarter revenue topped analysts' expectations, helped by strong growth in solid-state drives as investors look for signs of stability in NAND chip prices.
SanDisk Corporation, manufacturer of flash memory storage solutions, has announced an affordable, easy-to-install SSD caching solution that lets consumers
Stocks mostly rose on Friday, led by solid earnings from McDonald's, General Electric and Microsoft, but declines in banks and technology shares pulled indexes from their day's highs.
Japan's Nikkei index fell on Friday to post its third straight weekly loss after a Spanish bond auction failed to extinguish fears of a renewed euro zone debt crisis, but a weaker yen offered support.
Flash memory supplier SanDisk Corp reported higher-than-expected results for the second quarter on Thursday, driven by cost cutting and strong demand in emerging markets.
SanDisk Corp offered a forecast for the current quarter and 2011 above Wall Street's expectations, in a sign the flash memory supplier continues to benefit from strong demand for mobile devices.