Japan-backed Hynix bid for Toshiba
- Author:Ella Cai
- Release on: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.
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.
