Amazon, Apple join bidding for Toshiba chip unit

Toshiba shareholders on Thursday agreed to split off its NAND flash memory business

Reuters 

Logo of Toshiba Corp at its headquarters in Tokyo
Logo of Toshiba Corp at its headquarters in Tokyo

Apple, Amazon, and have joined bidding for Toshiba’s flash memory unit, vying with others for the Japanese firm’s prized semiconductor operation, the Yomiuri Shimbun daily reported on Saturday.
 
Toshiba shareholders on Thursday agreed to split off its NAND flash memory business, paving the way for a sale to raise at least $9 billion to cover nuclear unit charges that threaten the conglomerate’s future.


 
The Yomiuri newspaper said bidding prices from Apple, or Google, owned by Alphabet were not known.
 
The Nikkei business daily reported on Friday that U.S. private equity firm Silver Lake Partners SILAK.UL and chipmaker Broadcom have offered Toshiba about 2 trillion yen ($18 billion) for the unit.
 
About 10 potential bidders are interested in buying a stake in the microchip operation, a source with knowledge of the planned sale told Reuters earlier.
 
Suitors include Western Digital, which operates a chip plant with Toshiba in Japan, Micron Technology, South Korean chipmaker SK Hynix and financial investors.

Amazon, Apple join bidding for Toshiba chip unit

Toshiba shareholders on Thursday agreed to split off its NAND flash memory business

Toshiba shareholders on Thursday agreed to split off its NAND flash memory business Apple, Amazon, and have joined bidding for Toshiba’s flash memory unit, vying with others for the Japanese firm’s prized semiconductor operation, the Yomiuri Shimbun daily reported on Saturday.
 
Toshiba shareholders on Thursday agreed to split off its NAND flash memory business, paving the way for a sale to raise at least $9 billion to cover nuclear unit charges that threaten the conglomerate’s future.
 
The Yomiuri newspaper said bidding prices from Apple, or Google, owned by Alphabet were not known.
 
The Nikkei business daily reported on Friday that U.S. private equity firm Silver Lake Partners SILAK.UL and chipmaker Broadcom have offered Toshiba about 2 trillion yen ($18 billion) for the unit.
 
About 10 potential bidders are interested in buying a stake in the microchip operation, a source with knowledge of the planned sale told Reuters earlier.
 
Suitors include Western Digital, which operates a chip plant with Toshiba in Japan, Micron Technology, South Korean chipmaker SK Hynix and financial investors.
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