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Japan-backed Hynix bid for Toshiba

  • 作者:Ella Cai
  • 发布时间::2017-03-30
Hynix is in talks with Japanese investors about a plan to bid for Toshiba’s memory business, reports the Korea Economic Daily.

Toshiba is said to value the business at $13 billion.
A preliminary bid from Hynix bid is expected sometime today.

A number of industry leaders like Micron, TSMC, Western Digital, Foxconn, Kingston and others are said to be interested in buying the business or buying a stake in it.

The business is for sale because of losses of over $6 billion incurred by Toshiba’s nuclear business.