Toshiba's Technology Bonanza
The Silicon Valley tech giants are getting heavily invested in digital infrastructure manufacturing - from microchips, IoT, consumer hardware. They are already investing huge amounts in cloud services, data management and AI. Buying Toshiba's chip plant will allow the silicon valley tech firms to leapfrog over a number of established chipmakers.
Apple, Amazon and Google have joined bidding for Toshiba's NAND flash memory unit, vying with others for the Japanese firm's prized semiconductor operation, reports Times of India. Toshiba shareholders on Thursday agreed to split off its NAND flash memory business, paving the way for a sale to raise at least $9 billion to cover US nuclear unit charges that threaten the conglomerate's future.
The Nikkei business daily reported on Friday that US. private equity firm Silver Lake Partners and US chipmaker Broadcom Ltd have offered Toshiba about 2 trillion yen ($18 billion) for the unit. 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, which operates a chip plant with Toshiba in Japan, Micron Technology Inc, South Korean chipmaker SK Hynix Inc and financial investors.