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Toshiba to step up chip talks with Bain, Western Digital still in running: Nikkei

Reuters  |  TOKYO 

TOKYO (Reuters) - Toshiba Corp has signed a memorandum to step up talks to sell its memory chip business to a group led by private equity firm Bain Capital and South Korean chipmaker SK Hynix Inc, the Nikkei newspaper said on Wednesday.But the struggling Japanese conglomerate also plans to continue talks with Western Digital Corp which is leading a rival group bidding for the $18 billion semiconductor unit, the report said.Toshiba said it had no comment. A representative for Bain declined immediate comment.The report comes after the Toshiba's board met earlier in the day. Sources told Reuters ...

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First Published: Wed, September 13 2017. 09:27 IST