Friday, May 25, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
FBI Says Reboot Your Router to Stop Malware Infecting 500k Devices
ASUS Chromebox 3 Series Coming in July
U.S. to Impose Fine, New Management to ZTE to Keep it in Business
Facebook Keeps Working on In-house Chip Designs
AMD Increased GPU Market Share in Q1
Seagate's New VR Power Drive Adds Capacity and Extends Battery Life of the HTC VIVE Focus VR Headset
Samsung Should Pay Apple $539 million in Patent Retrial
Amazon Admits Alexa Eavesdropped and Shared Conversation
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Foxconn...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, April 07, 2017
Foxconn, Broadcom And SK Hynix Closer To Toshiba's Memory Buiness


Toshiba semiconductor business sell-off has attracted bids of more than 2 trillion yen (about $18.1 billion) from Hon Hai Precision Industry and Broadcom Ltd, which will compete in the second round of negotiations, according to reports.

According to the Asahi Shimbun, Hon Hai pledged close to 3 trillion yen in the first round of bidding, which closed March 29, sources said on April 6.

The new subsidiary's value is at least 2 trillion yen, Toshiba President Satoshi Tsunakawa has said.

Three other companies have bidded by offering amounts lower than 2 trillion yen: Western Digital; SK Hynix; and U.S. investment fund Kohlberg Kravis Roberts & Co. Taiwanese TSMC has reportedly dropped its bid.

A different report from Bloomberg positions SK Hynix in the place of Broadcom as a qualifier for the final bidding round.

Toshiba spokesman Tomoyuki Numata declined to comment. Hon Hai and Hynix declined to comment.

Toshiba plans to whittle down the candidates in April, and decide the eventual buyer through a second round of bidding by late June, when a general shareholders' meeting is scheduled to be held.

In the sale negotiations, Toshiba is emphasizing the importance of conditions that the buyer will maintain the company's employment and manufacturing strongholds, and that the sale should be completed by the end of the fiscal year in March 2018.

Toshiba said it will also take into account government concerns that the sale could lead to the corporation's semiconductor technologies leaking to China.

Toshiba's U.S. nuclear power business subsidiary, Westinghouse Electric Co., collapsed in March. As a result, the corporation's debts were likely to have exceeded its assets by 620 billion yen as of the end of March 2017.

As a solution, the corporation has been forced to sell its NAND flash memory business.



Previous
Next
Apacer Launches The Pocket-sized ASMini SSD        All News        Google Adds Fact Check in Search and News
Uber Defends Its Technology In Waymo's Case     General Computing News      Google Adds Fact Check in Search and News

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba's Twin-Field Quantum Key Distribution Extends the Limit of Intercity Secure Communications
Toshiba Confirms Approval of $18 billion Chip Unit Sale by China
China Finally Approves Toshiba's Plan to Sell Its Memory Chip Unit: report
Toshiba Weighs Memory Chip Unit Options
Toshiba Releases New Surveillance, Video Streaming Laptop and Desktop Hard Drives
China Opposes SK hynix-Toshiba Deal
Toshiba Delays Memory Chip Unit Sale
Toshiba Memory to Make New Investment in Production Equipment for Fab 6 at Yokkaichi Operation
Toshiba Launches KumoScale NVM Express over Fabrics Storage Software for Cloud Infrastructures
Toshiba Adds 64-layer BiCS CD5, XD5 and HK6-DC Models to Data Center SSD Lineup
Western Digital to Inject $4.6bn in Toshiba Memory
Toshiba Completes Transfer of its TV Business to Chinese Hisense Group

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .