The sale of a minority stake in Toshiba’s semiconductor business has attracted a number of interested parties, including SK Hynix, Foxconn and Western Digital, the Wall Street Journal reported, citing sources familiar with the matter. Toshiba is selling the stake in order to raise money for the write-down of its US nuclear business. An announcement on the matter is expected next week.
Toshiba said earlier it wanted a cash injection and would seek to sell off a stake of up to 19.9 percent in the unit, which manufactures NAND flash memory computer chips. The company began the fundraising process last week and hopes to close sales by the end of March.
SK Hynix declined to comment on the report. Officials at Foxconn and Western Digital were not immediately available for comment.
