Apple, Amazon, and Google Seek to Buy Toshiba’s NAND Unit




/ 4 years ago

Apple, Amazon, and Google Seek to Buy Toshiba’s NAND Unit

At the end of last month, Toshiba’s shareholders voted to sell off the company’s NAND flash memory unit in order to cover nearly $9 billion in losses, and it has now emerged that Apple, Amazon, and Google are all considering bids for the operation. According to the Yomiuri Shimbun daily, the three tech giants are all keen to snap up the semiconductor unit.

“The Yomiuri newspaper said bidding prices from Apple, Amazon or Google, owned by Alphabet Inc (GOOGL.O), were not known,” reports Kiyoshi Takenaka for Reuters.

“The Nikkei business daily reported on Friday that U.S. private equity firm Silver Lake Partners SILAK.UL and U.S. chipmaker Broadcom Ltd (AVGO.O) have offered Toshiba about 2 trillion yen ($18 billion) for the unit,” Takenaka writes. “About 10 potential bidders are interested in buying a stake in the microchip operation, a source with knowledge of the planned sale told Reuters earlier.”

“Suitors include Western Digital Corp (WDC.O), which operates a chip plant with Toshiba in Japan, Micron Technology Inc (MU.O), South Korean chipmaker SK Hynix Inc (000660.KS) and financial investors,” he adds.

Toshiba’s financial woes were triggered by its nuclear power business, Westinghouse Electric, filing for Chapter 11 protection from bankruptcy last month, which is set to cost it $9.8 billion in charges.


Topics: , , , , ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram

Check out our Latest Video


Send this to a friend
})