Thursday, May 24, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Uber Ends Arizona Self-driving Program
Apple to Offer $50 Rebates for iPhone Battery Swaps
Qualcomm Snapdragon XR1 SoC to be Dedicated to VR and AR Headsets
Next@Acer: Acer Debuts Premium Chromebooks, Gaming Desktops and Notebooks
LG Display and Google Develop an 18 megapixel 4.3-inch 1443 ppi 120 Hz OLED display for VR
IBM Crypto-Anchor Verifier, an AI-enabled Scanner for Visual Clues that Prove an Item's Authenticity
Facebook Marketplace Lets you Find House Cleaners, Plumbers
Samsung Display Showcases Future Display Technologies SID 2018
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 > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 26, 2017
Toshiba Chip-Unit Final Agreement Said to be Delayed, WD Opposes Participation of SK Hynix


A final agreement related to future of Toshiba's memory chip business may be delayed beyond the electronics maker's self-imposed deadline this week, as investors work out the structure of the deal and Western Digital will not support it with rival SK Hynix being part of the preferred bidding consortium.

Last week Toshiba announced the preferred bidders for its chip unit, and said it planned to reach an agreement by Wednesday, June 28, and then close the transaction by March.

According to Bloomberg's sources, the Innovation Network Corp. of Japan and Development Bank of Japan, which joined up with Bain Capital, aren't in a hurry to reach a final agreement as they conduct due diligence because their participation won't require a lengthy antitrust review process. In addition, the outline of the deal may change depending on what happens with Western Digital, which jointly owns certain chip assets with Toshiba and has contested its authority to sell the semiconductor unit.

Steve Milligan, Western Digital's chief executive officer, sent a letter to Toshiba on Sunday, saying that it's risking technology leakage by letting Hynix participate in the sale of the chip business. "I must make it clear that Western Digital will not consent to a transaction with the proposed consortium," Milligan wrote, adding that Western Digital will press forward in seeking an injunction against a sale of the chip unit.

Toshiba officialy said there was no change in the Tokyo-based manufacturer's schedule.

Bain, INCJ and DBJ have indicated that they're willing to pay 2.1 trillion yen ($19 billion) for the semiconductor unit.

South Korean chipmaker SK Hynix Inc. is said to join the group by providing only loans to avoid antitrust hurdles. Toshiba CEO Satoshi Tsunakawa told a news conference on Friday that SK Hynix would not be holding any equity and would not be involved in management - an arrangement that was unlikely to raise regulatory red flags and would prevent leaks of key technology information.



Previous
Next
Nokia 6 Smartphone Will be Available on Amazon        All News        Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device
EU Set to Announce Antitrust Fine Against Google     General Computing News      HERE and Pioneer Partner on Global Map Solutions

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
Western Digital Pushes Conventional Magnetic Hard Disk Tech to its Limits in New 14TB Ultrastar DC HC530
Toshiba Releases New Surveillance, Video Streaming Laptop and Desktop Hard Drives
China Opposes SK hynix-Toshiba Deal
Western Digital Releases New Gaming SSD with NVMe Performance
Toshiba Delays Memory Chip Unit Sale
Western Digital Debuts Hybrid-Cloud Backup and Recovery Solution with StorReduce Software
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

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 .