0
General

Toshiba confirms SK Hynix, Apple to invest in memory business

Thursday 28 September 2017 | 11:24 CET | News
Toshiba's board has approved an agreement to sell the company's memory chip business to a consortium led by Bain Capital and including SK Hynix, Apple and other companies. As earlier indicated, the sale price is JPY 2 trillion, an amount that may be reduced by the value of Toshiba's stakes in joint ventures with Western Digital, if it cannot reach a legal settlement with the latter. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Apple / Dell Technologies / Seagate / SK Hynix / Toshiba / Western Digital
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Toshiba wins Chinese approval for memory chip sale, deal to close by June

Published 17 May 2018 14:33 CET | China
Toshiba has secured approval from Chinese antitrust authorities to go ahead with the sale of its memory chip business to a ...

Toshiba memory chip sale delayed by regulators

Published 26 Mar 2018 08:54 CET | World
Toshiba said it's still awaiting regulatory clearance from China on the planned sale of its memory chip business. The company ...

Toshiba hires outsider as new CEO

Published 14 Feb 2018 09:18 CET | World
Toshiba announced the appointment of Nobuaki Kurumatani as its new CEO and chairman from 01 April. Satoshi Tsunakawa will ...

Apple to design own power chip, reduce ties with Dialog - report

Published 01 Dec 2017 09:16 CET | World
Apple is designing its own main power management chips for use in iPhones as early as in 2018, cutting its dependence on Dialog ...

Toshiba to accelerate investment in memory production capacity

Published 09 Nov 2017 12:31 CET | Japan
Toshiba announced plans to accelerate investment in expanding its memory production capacity. In October the company said it ...

Toshiba shareholders approve sale of memory chip business

Published 24 Oct 2017 09:28 CET | World
Shareholders of Toshiba have approved the sale of its semiconductor division to the Pangea consortium led by Bain Capital Private ...

Bain will seek IPO of Toshiba's memory business - report

Published 29 Sep 2017 09:50 CET | World
The consortium led by Bain Capital, which recently agreed to buy Toshiba's memory chip business, plan to offer launch an IPO ...

Toshiba krijgt SK Hynix en Apple als kopers van geheugenchip-tak

Published 29 Sep 2017 08:38 CET | World
Toshiba heeft een overeenkomst bereikt voor de verkoop van de divisie die geheugenchips maakt. De koper is Pangea, een consortium ...

Toshiba agrees sale of memory business to Bain group for JPY 2 trillion

Published 21 Sep 2017 09:02 CET | Japan
Toshiba has reached an agreement to sell its memory chip business to a consortium led by Bain Capital for JPY 2 trillion. The ...

Toshiba signs MoU with Bain consortium on memory chip business sale

Published 13 Sep 2017 08:51 CET | Japan
Toshiba announced a memorandum of understanding with a consortium led by Bain Capital to buy its memory chip business. The ...

Toshiba still in talks with 3 potential bidders for memory business

Published 31 Aug 2017 08:41 CET | World
Toshiba said it has yet to decide on a buyer for its memory chip business. Media reports suggested the company would take a ...

Toshiba still working on chip sale, sues WD

Published 28 Jun 2017 08:53 CET | World
Toshiba announced that it has not yet reached a final deal with its preferred bidder for its memory chip business. A week ago it ...