Micron, Hynix Reportedly Seek Stake in Toshiba

Dylan McGrath, EETimes
2/7/2017 06:17 PM EST

SAN FRANCISCO—Memory chip heavyweights Micon Technology Inc. and SK Hynix Inc. were among five firms to submit bids to acquire a stake in Toshiba Corp.’s memory chip unit by the end of last week, according to reports.

But Toshiba (Tokyo) would prefer to sell a minority stake in its semiconductor business to private equity bidders rather than taking on investment from rival chip firms, the Reuters news service reported Tuesday (Feb. 7).

It was widely reported Tuesday that SK Hynix submitted a bid to acquire a stake in Hynix, with some reports saying the size of the investment would be about $2.6 billion. Japan’s Nikkei Asian Review reported that other bidders include U.S. chip maker Micron Technology Inc., Western Digital Corp. and U.S. investment firm Bain Capital.

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