You are here

Bain consortium bags Toshiba chip business in hard-fought win

The US$22b Bain-led group includes SK Hynix, Apple and Dell; rival Western Digital opposes with legal action

Western Digital's opposition to the Bain offer is that no deal can be done without its consent as it is Toshiba's joint venture chip partner. Toshiba is the world's No 2 producer of NAND semiconductors.


JAPAN'S embattled Toshiba Corp has selected a group led by US private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction.

But it's unclear...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to