SK Hynix Offers to Buy a Majority Stake in Toshiba Microchip Business

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Thursday, March 30th, 2017
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SK Hynix has jumped into the fray to acquire a stake in the semiconductor division of Toshiba. According to industry sources, a consortium led by S. Korea's SK Hynix submitted a preliminary bid to take over Toshiba's memory chip business.

The SK Hynix-led consortium, formed by partering with Japanese financial institutions, has reportedly offered to pay more than 10 trillion won for a majority stake in Toshiba's memory chip business.

SK Hynix had initially submitted a 2-3- trillion won bid to acquire a stake in the world’s second-largest Nand chipmaker's memory chip business.

SK Hynix said, "We cannot confirm anything regarding the Toshiba chip business, including whether we submitted a bid or not."

 

 

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