The company seeks to raise capital via a spin-off that includes the second-largest NAND Flash supplier
By: Matthew Lubin, Taiwan News, Staff Writer
TAIPEI (Taiwan News) — Toshiba is looking to sell a majority stake in its memory
business after it is split off from the company. The Japan-based company had previously planned to sell a 19.9 percent stake in the business, its most valuable unit.
The stake sale has drawn attention from numerous competitors worldwide, including Taiwan’s Hon Hai Precision Industry Co., Ltd. Other companies reportedly interested in acquiring the stake are South Korea-based SK Hynix, China-based Tsinghua Unigroup, Western Digital and Apple. Taiwan Semiconductor Manufacturing Company (TSMC) and Microsoft had been rumored to be interested in the deal but both companies denied the rumors.
Toshiba is the second-largest supplier of NAND Flash with a 20 percent share of the market, trailing only Samsung. [FULL STORY]