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Hynix joins last-minute METI-led bid for Toshiba chips - Asahi

Reuters  |  TOKYO 

TOKYO (Reuters) - Japan's government is assembling a Japan-South Korea-U.S. consortium in a last-minute bid for Toshiba Corp's prized semiconductor business, countering a $20 billion offer from U.S. chipmaker Broadcom Ltd , the Asahi newspaper said on Wednesday. The new bid, being arranged by the Ministry for the Economy, Trade and Industry, groups government lenders Development Bank of Japan [DBJPN.UL] and Innovation Network Corp of Japan. It would exceed the 2 trillion yen ($18 billion) minimum sought by struggling Toshiba, the newspaper said, citing an unnamed source.INCJ, DBJ and U.S. ...

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First Published: Wed, June 14 2017. 05:34 IST