SanDisk on Thursday said that it had signed a definitive agreement with Toshiba to restructure the Flash manufacturing joint ventures operating at the 300mm Fab 3 and Fab 4. The result of the agreement will be basic SanDisk’s transition to fabless flash-based products manufacturing,

As part of the agreement, more than 20% of the joint-ventures’ capacity will be transferred to Toshiba. Back in October, 2008, Toshiba virtually gained control over 30% of the joint ventures’ (by signing memorandum of understanding), which means that now the Japanese electronics conglomerate controls all the flash capacities the belonged to joint ventures between SanDisk and Toshiba.

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