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Hynix joins last-minute bid for Toshiba chips - sources

Reuters  |  TOKYO/SEOUL 

By Taiga Uranaka and Se Young LeeTOKYO/SEOUL (Reuters) - South Korea's SK Hynix Inc has joined a last-minute bid for Toshiba Corp's semiconductor business, countering a $20 billion offer from U.S. chipmaker Broadcom Ltd , people familiar with the matter said on Wednesday.The Japan-U.S.-Korea bid, being arranged by Japan's Ministry for the Economy, Trade and Industry, groups government lenders Development Bank of Japan [DBJPN.UL] and Innovation Network Corp of Japan, the Asahi newspaper reported on Wednesday. It would exceed the 2 trillion yen ($18 billion) minimum sought by struggling ...

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First Published: Wed, June 14 2017. 06:11 IST