You are here: Home » Reuters » News
Business Standard

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. ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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