Toshiba agreed to sell its memory-chip unit to a consortium led by Bain Capital for about 2 trillion yen ($18 billion), the Japanese electronics group said on September 20.
The decision to sell the world's No. 2 producer of NAND memory chips was made at a board meeting earlier yesterday.
The chipmaker said it had been negotiating with three potential groups to sell its memory business.
SK Hynix is South Korea's second largest chipmaker, after Samsung Electronics, and also ranks second in terms of sales in the global DRAM market.
Two Japanese state-backed financial institutions - the Innovation Network Corporation of Japan and the Development Bank of Japan - will join as investors once Toshiba and the winning consortium have settled legal differences over a joint venture with Western Digital. A number of major tech companies showed an interest in the deal, including Foxconn and Apple Inc., and Toshiba ultimately decided on a consortium of that included several businesses that use its chips in their products.
Toshiba Corp has chose to sell its chip unit to a Japan-U.S.
Toshiba and the Bain-led consortium on Sept. 13 signed a memorandum of understanding to speed up their negotiations, with a view to reaching a deal by late September. This followed Toshiba's admission in 2015 that it had inflated its earnings by $1.2 billion over seven years-a scandal that company investigators connected in part to Westinghouse nuclear-project managers, who they said had disguised faltering revenues and cost overruns, The New YorkTimes reported at the time.
A representative for Western Digital was not immediately available for comment.
The sale of the Toshiba memory chip unit should remove the looming threat. The Bain group includes other companies such as SK Hynix, Dell, and others.
Western Digital already has a partnership with Toshiba's memory chip business and wants to have a say in what happens with the division.
According to local media, two people - it claimed to be journalists - were left seriously injured after the military mishap. RBC news agency reports that the injured people "weren't civilians", according to comments quoted by The Guardian .
Jurgen Klopp's Liverpool endured more frustration as they were held to a 1-1 draw by battling Burnley at Anfield. We are also backing an away win as our prediction, and for the best odds on our tip, you can go to Sky Sports.
Both players held serve early in the fourth set before Goffin made the breakthrough at 3-3. "I had to dig deep". Soeda crumpled into a heap as the ball flew past the baseline after more than three and a half hours on court.
While Baghdad recognizes Kurdistan's autonomy, the precise boundary between the region and the rest of Iraq is unclear. But relations with Baghdad have grown strained in recent years over oil and the disputed areas.
Rohingya fled their villages in the military crackdown that followed, and many of their villages have been burned. Promila Sheel, 25, said she made a decision to flee to Bangladesh after her husband was killed by militia.
The private bus, operated by the Flushing-based Dahlia Travel and Tours, then crashes into a corner Kennedy Fried Chicken. A person answering the phone there declined to comment; there was no immediately response to an emailed comment request.
As sensational as that was - Sindhu won that point - some believe it took more out of Sindhu in the larger scheme of things. But in this South Korean capital, Sindhu was presented a chance to avenge the Glasgow loss -and the Indian came out on top.
Tuesday and plans to have locations open later this year in Sudbury, Ont., Langford, B.C., Fredericton, and Toronto. Two years later he started selling toys, according before opening the first Toys "R" Us branded shop in 1957.
NDTV reported that Smriti Kalra, a resident of Gurgaon, was arrested for "causing hurt to deter a public servant". However, the army subedar had asked his colleague to do a video recording of the incident.
Clayton Kershaw gives up 1st grand slam, loses to Phillies
With baseball headed to an all-time high in home runs this season, a lot of players are doing things they have never done before. That was followed by a home run from third baseman Justin Turner to give the Dodgers a 2-0 lead five pitches into the game.
McAuliffe: Thumbs-down on Cassidy-Graham
In other words, they are maintaining the GOP norm of lying both about the content of Obamacare and about what would replace it. They'd also be able to get out from under ObamaCare's disruptive and costly market regulations and benefit mandates.
Rain delays start of Australia's innings in 1st ODI
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United States tourists hurt in French acid attack
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