Toshiba finally sells chip division to Bane

Stefan Mileschin · 4th June 2018, 12:56

Clears the regulators

Japan’s Toshiba said on Friday it had completed the $18 billion sale of its chip unit to a consortium led by US private equity firm Bain Capital.

The completion of the deal, initially aimed for by end-March, had been delayed due to a prolonged review by Chinese antitrust authorities. China approved the deal last month.

The Bain consortium last year won a long and highly contentious battle for Toshiba Memory, the world’s No. 2 producer of NAND chips. Toshiba put the business up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit had plunged it into crisis.

The consortium includes South Korean chipmaker SK Hynix, Apple, Dell, Seagate and Kingston. Under the deal with Bain, Toshiba repurchased 40 percent of the unit.

https://fudzilla.com/news/46436-tosh...vision-to-bane

4th June 2018, 12:56	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Toshiba finally sells chip division to Bane Clears the regulators Japan’s Toshiba said on Friday it had completed the $18 billion sale of its chip unit to a consortium led by US private equity firm Bain Capital. The completion of the deal, initially aimed for by end-March, had been delayed due to a prolonged review by Chinese antitrust authorities. China approved the deal last month. The Bain consortium last year won a long and highly contentious battle for Toshiba Memory, the world’s No. 2 producer of NAND chips. Toshiba put the business up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit had plunged it into crisis. The consortium includes South Korean chipmaker SK Hynix, Apple, Dell, Seagate and Kingston. Under the deal with Bain, Toshiba repurchased 40 percent of the unit. https://fudzilla.com/news/46436-tosh...vision-to-bane

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Qualcomm is finally releasing a new smartwatch chip	Stefan Mileschin	WebNews	0	10th May 2018 19:33
Toshiba not selling PC division	Stefan Mileschin	WebNews	0	20th November 2017 20:47
Toshiba Sells 95% of Its TV Business Unit to Hisense	Stefan Mileschin	WebNews	0	16th November 2017 20:46
Toshiba sells its TV unit to Hisense	Stefan Mileschin	WebNews	0	16th November 2017 20:03
Toshiba about to issue 1TB flash chip	Stefan Mileschin	WebNews	0	2nd March 2017 05:54
Google sells part of its Robot division	Stefan Mileschin	WebNews	0	20th March 2016 16:04
Toshiba wants to build chip plant	Stefan Mileschin	WebNews	0	18th March 2016 12:11
RAmos W42 tablet boasts quad-core Exynos chip, sells for around $200	Stefan Mileschin	WebNews	0	25th January 2013 08:17
Toshiba slashes chip production	Stefan Mileschin	WebNews	0	25th July 2012 07:26
AMD Sells Chip Equipment to Russian Company	jmke	WebNews	0	10th November 2006 12:56