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Foreign media: China's Ministry of Commerce has assessed the Toshiba chip trading SK Hynix without saving heart

via:新浪科技     time:2017/12/18 19:37:18     readed:640

Informed sources also said that the transaction to get the approval of the Chinese government, Toshiba may need to make some remedial measures to ensure that fair competition will not affect the market, thus dispelling the concerns of China's regulatory authorities. In this way, China's Ministry of Commerce may conditionally approve the transaction.

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At present, China is the world's largest semiconductor market. To build its own semiconductor industry, China invests in the field billions of dollars each year.

September 28 this year, Bain Capital Consortium formally signed with Toshiba, Toshiba Corp to 180 billion acquisition of the chip business unit. According to people close to the situation, as Toshiba was eager to complete the transaction, Bain Capital consortium filed an application with the Chinese antitrust department on the second day of signing the contract, hoping to approve the transaction.

Under the contract, SK Hynix will fund the transaction in the form of convertible claims. In the future, SK Hynix will receive a maximum of 15% of the voting rights in the Toshiba chip business. Currently, SK Hynix is ​​Korea's second-largest memory chip maker.

Earlier, Toshiba's chip business partner Western Digital also disagreed with SK Hynix's involvement in the deal, but Western Digital had settled with Toshiba last week.

In addition, Argyle Street Management, a Hong Kong-based activist, said last week that Toshiba's $ 18 billion sale of chip business has become unnecessary after a recent injection of capital. Currently, Argyle Street Management is inviting more than 30 overseas investors, hoping to oppose the deal with them.

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