Toshiba’s NAND flash memory plant will resume full production from mid-July. On Friday, Toshiba Memory Corp, the world’s second-biggest NAND flash memory producer stated its plant in central Japan will resume full production by mid-July. Toshiba had partially suspended the plant on June 15, following a brief power outage in the region. The suspension also…
Toshiba is now facing pressures from Apple Inc, which is demanding new terms on supply of chips in return for funding. On Wednesday, SK Hynix Inc stated its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp’s memory chip unit for $17.7 billion (2 trillion yen) . As…
Toshiba needs to desperately divest its chip making business. Negotiations with investors led by Bain Capital appear to be chugging alone steadily. On Wednesday, in a significant development, Toshiba Corp disclosed it has signed a memorandum to accelerate negotiations for selling its memory chip business to a group of investors led by private equity firm,…
While Toshiba has narrowed down the pool of suitors, all the bids have Apple, its key customer, as a common denominator. On Friday, Japan’s Kyodo news agency reported that a group, which includes Western Digital, has sought $464 million (50 billion yen) from Apple Inc to help finance a bid for Toshiba Corp’s NAND chip…
This strategic move is aimed at bringing a sense of finality to its bid of divesting its chip business following months of delays. Toshiba Corp has stated it will be building a new semiconductor plant in Iwate, northern Japan, even as it makes efforts to sell its memory chip business to raise funds. Significantly, it…
Given Foxconn’s deep ties with China, Japan is likely to block any move that will risk the transfer of sensitive technology to outsiders. On Monday, Japanese business daily, Nikkei has reported quoting Terry Gou, Foxconn’s chairman say saying, Amazon.com Inc and Apple Inc will be joining forces with Foxconn for a bid of Toshiba’s chip…
While Western Digital’s earlier stance may have resulted in increased litigation costs whereas its current stance is likely to give it access, in the form of a minority stakeholder, in Toshiba’s chip business. As per two sources familiar with the matter at hand, Western Digital Corp is likely to join a consortium of Japanese government…
The move is essentially a pressure tactics. U.S.-based Western Digital Corp has taken legal action to potentially derail Toshiba’s sale of its chip manufacturing business with its application of international arbitration. Western Digital Corp wants to stop its partner, Toshiba Corp, from selling its chip manufacturing business without its consent. This will impact Toshiba’s attempt…
Distrusted due to its close ties with China, Foxconn has to tread carefully and bridge its American business ties with its Communist friends. Less than two weeks after Terry Gou, the CEO of the world’s largest contract electronic manufacturer went to the White House to discuss boosting its investment plans in the U.S., Chinese Premier…
Japan and the U.S. are coordinating to prevent the Chinese from acquiring it. The Japanese government and the Trump administration are coordinating to ensure that Toshiba Corp’s Westinghouse Electric Co bankruptcy does not lead to U.S. technology secrets and infrastructure falling into the hands of Chinese. Last month, Toshiba’s Westinghouse had filed a bankruptcy having…
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