Japan government to decide Toshiba’s fate
- Author:Ella Cai
- Release on:2017-04-25
Toshiba’s fate is to be decided by the Japanese government.
KKR, which made a failed bid for Renesas, is now teaming up with Japanese bail-out fund INCJ to make a bid.
This would get Japan’s government off the hook of being blamed for Toshiba’s technology leaking to China which is the fear if top-bidder Hon Hai wins the auction.
Hon Hai has enlisted its Japanese subsidiary Sharp, and has asked Apple, Dell and Amazon, to help sanitise its bid, but the Japanese authorities are unlikely to take the risk of allowing the bid to succeed.
The China government is building huge – 300k wpm – memory fabs at Nanjing and Wuhan and needs 3D NAND process technology. If they get it, they can take over the memory market.
Meanwhile another bidder, Western Digital (WD), has attacked a third bidder, Broadcom, saying that Broadcom violated WD’s trust in the sale of a WD unit to Broadcom. WD claims sole negotiating rights because of its existing jv fab deal with Toshiba,
The other bidder is Hynix, making five in all – as of today.
KKR, which made a failed bid for Renesas, is now teaming up with Japanese bail-out fund INCJ to make a bid.
This would get Japan’s government off the hook of being blamed for Toshiba’s technology leaking to China which is the fear if top-bidder Hon Hai wins the auction.
Hon Hai has enlisted its Japanese subsidiary Sharp, and has asked Apple, Dell and Amazon, to help sanitise its bid, but the Japanese authorities are unlikely to take the risk of allowing the bid to succeed.
The China government is building huge – 300k wpm – memory fabs at Nanjing and Wuhan and needs 3D NAND process technology. If they get it, they can take over the memory market.
Meanwhile another bidder, Western Digital (WD), has attacked a third bidder, Broadcom, saying that Broadcom violated WD’s trust in the sale of a WD unit to Broadcom. WD claims sole negotiating rights because of its existing jv fab deal with Toshiba,
The other bidder is Hynix, making five in all – as of today.
