Toshiba

Toshiba News

Toshiba disputes Western Digital CEO claims on memory chip unit investment talks
News & Analysis

Toshiba disputes Western Digital CEO claims on memory chip unit investment talks

Because of the impasse over the terms, Western Digital does not believe it will take part in a coming round of investment in Toshiba’s Fab 6 chip factory.

Seagate pledges not to buy any stake in Toshiba's memory chip unit for the next 10 years
News & Analysis

Seagate pledges not to buy any stake in Toshiba's memory chip unit for the next 10 years

Seagate has committed up to $1.25 billion to finance the purchase of the chip unit — world’s second-biggest producer of NAND flash memory semiconductors.

Toshiba is considering various measures in case the memory chip sale does not close by the end of the financial year
News & Analysis

Toshiba is considering various measures in case the memory chip sale does not close by the end of the financial year

The deal needs to close by end-March or Toshiba will likely report negative net worth — where liabilities exceed assets — for a second year running.

Toshiba is expected to suffer a net loss of $1 billion in taxes related to the sale of its memory chip unit
News & Analysis

Toshiba is expected to suffer a net loss of $1 billion in taxes related to the sale of its memory chip unit

Toshiba said that due to the tax impact, it expects a loss of 110 billion yen ($970 million) in the year to March.

Bain Capital to cash in on investment in the Toshiba chip unit; aims to list chip unit in three years
News & Analysis

Bain Capital to cash in on investment in the Toshiba chip unit; aims to list chip unit in three years

US private equity firm Bain Capital LP on Thursday said it aims to list Toshiba Corp’s chip unit on the Tokyo Stock Exchange within three years.

Bain Capital led consortium that bought Toshiba's chip unit files an antitrust approval in China
News & Analysis

Bain Capital led consortium that bought Toshiba's chip unit files an antitrust approval in China

The Bain Capital-led consortium that bought Toshiba’s chip unit for $18 billion last week has filed for antitrust approval in China.

Toshiba to buy back 10% stake in Westinghouse unit for $522 mn, takes full ownership of bankrupt US unit
Business

Toshiba to buy back 10% stake in Westinghouse unit for $522 mn, takes full ownership of bankrupt US unit

A successful sale would reduce the financial hit to Toshiba caused by Westinghouse’s failure.

Apple has plans to develop propriety chips to cut costs and reduce reliance on industry suppliers
News & Analysis

Apple has plans to develop propriety chips to cut costs and reduce reliance on industry suppliers

Affected chip suppliers are likely to include Intel, Arm, Synaptics, Skyworks, Broadcom, Samsung, Micron, SK Hynix and Toshiba.

Toshiba signs $18 billion deal to sell its chip unit to a consortium lead by Bain Capital
News & Analysis

Toshiba signs $18 billion deal to sell its chip unit to a consortium lead by Bain Capital

Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP.

SK Hynix board approves its participation in Bain Capital-led consortium to buy Toshiba's memory chip unit
News & Analysis

SK Hynix board approves its participation in Bain Capital-led consortium to buy Toshiba's memory chip unit

The Bain-led consortium will hold 49.9 percent of the voting rights in the chip unit, while Toshiba will hold 40.2 percent.

Western Digital to seek an injunction for blocking Toshiba's memory chip business sale
News & Analysis

Western Digital to seek an injunction for blocking Toshiba's memory chip business sale

Western Digital's actions come after Toshiba's decision to sell the unit to a consortium led by Bain Capital LP and South Korean chipmaker SK Hynix.

Toshiba memory chip sale not finalized after Apple disagrees on key terms
News & Analysis

Toshiba memory chip sale not finalized after Apple disagrees on key terms

Toshiba announced on 20 September that it had chosen a consortium led by U.S. private equity firm Bain Capital LP to buy the prized chip unit.

Toshiba wrestles with last minute delays on its $18 billion memory chip business sale
News & Analysis

Toshiba wrestles with last minute delays on its $18 billion memory chip business sale

Sources familiar with the matter confirmed consortium members were still wrangling over details of their agreement.

Toshiba chooses Bain Capital as the buyer of its memory chip business
News & Analysis

Toshiba chooses Bain Capital as the buyer of its memory chip business

Japan’s embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit.

Bain Capital names Dell and other tech firms as part of it consortium to bid for Toshiba chip unit
News & Analysis

Bain Capital names Dell and other tech firms as part of it consortium to bid for Toshiba chip unit

Toshiba said this week it has agreed to focus on selling the world’s No. 2 NAND producer to a group led by Bain and South Korean chipmaker SK Hynix Inc.

Japan's Suzuki Motor Corp to pump in fresh investment of Rs 3,800 cr in Gujarat
Business

Japan's Suzuki Motor Corp to pump in fresh investment of Rs 3,800 cr in Gujarat

Suzuki Motor Corp along with its partners Toshiba and Denso will also invest around Rs 1,150 crore for a new unit to produce lithium ion batteries

Toshiba claims Western Digital is overstating its rights over a memory chip unit
News & Analysis

Toshiba claims Western Digital is overstating its rights over a memory chip unit

Western Digital said it was confident of its ability to protect its rights in the joint venture with Toshiba.

Toshiba is planning to selling its chip unit business to Bain Capital and SK Hynix
News & Analysis

Toshiba is planning to selling its chip unit business to Bain Capital and SK Hynix

Without an agreement soon, it will be difficult for Toshiba to gain by the end of the financial year in March,

Toshiba still negotiating sale of its memory chip business after passing self-imposed deadline
News & Analysis

Toshiba still negotiating sale of its memory chip business after passing self-imposed deadline

Toshiba will announce the agreement on 13 September and sign after a board meeting on 20 September.

Western Digital asks Apple for 50 billion Yen to help finance Toshiba memory chip bid
News & Analysis

Western Digital asks Apple for 50 billion Yen to help finance Toshiba memory chip bid

A group including Western Digital is seeking around 50 billion yen ($464 million) from Apple Inc to help finance a bid for Toshiba Corp’s memory chip unit.