Tsinghua Group Look to Acquire SanDisk and Toshiba
Samuel Wan / 2 years ago
China is looking to expand heavily into the storage industry with the latest acquisition rumour. According to the report, Tsinghua Group, a Chinese government-controlled investment group is looking into acquiring either SanDisk or Toshiba to get access to their NAND technology. Both Toshiba and SanDisk currently work together in a joint venture to research, develop and produce NAND memory. Other notable NAND firms are Intel and Micron (IMFT), Samsung and SK Hynix.
Tsinghua Group had earlier been looking to buy up Micron Technologies, another major NAND player. Those talks over a $23 billion deal fell apart after the US government stepped in over national security concerns. This time around, the United States won’t be able to intervene as neither firms are American. SanDisk a South Korean firm while Toshiba is Japanese. Still both of those countries may still have some issues about national security.
Of the two, it is most likely for a South Korean SanDisk deal to go through. Those two nations are on friendlier terms relatively speaking and South Korea still has Samsung and SK Hynix to rely on for national security procurement. Whether or not South Korea will want to see on their tech firms go foreign is an entirely different matter.
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