Toshiba discusses options as reports swirl about chip sale
The Toshiba Corp said it is discussing an optimum solution for its semiconductor business, after media reports said the tech giant would sell a minority stake in its computer-chip business to some bidders.
SK Hynix Inc, Foxconn Technology Group and Western Digital Corp are among bidders participating in Toshiba Corp's sale of a minority stake in its computer-chip business, according to the Wall Street Journal, citing people familiar with the matter. Toshiba declined to comment on this issue.
James Yan, research director at Counterpoint Technology Market Research, said: "The bidders such as SK Hynix and Western Digital hope to expand market share and enhance competitiveness in the semiconductor and chip industry, especially the storage sector."
