Skip to main content

Toshiba's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said.

Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse.

But it has struggled to close a 2 trillion yen ($18 billion) deal with the group it previously chose as preferred bidder—a consortium including Japanese-government backed funds, Bain Capital and South Korean chip maker SK Hynix.

read the rest here


If you like something I've posted please feel free to click the "like" button!

Original Post

Add Reply

Post
×
×
×
×
Link copied to your clipboard.
×
×