Last year, Toshiba invested in the United States nuclear power business caused huge losses, but unfortunately Toshiba will sell its chip business to fill this loophole. After nine months of difficult negotiations, Toshiba has now decided to sell the chip business to a consortium represented by Bain Capital, which includes Apple, Dell, Hynix and others.
According to the "Nikkei Shimbun" report, today Toshiba held a general meeting of shareholders and unanimously approved the chip sales business at a price of 2 trillion yen (about 17.5 billion U.S. dollars).
Although Toshiba’s shareholders approved the deal, there is no guarantee that the deal will be completed by the end of March next year. If the transaction cannot be completed by then, Toshiba may face the risk of delisting.
At the same time, Toshiba’s former partner Western Digital has submitted an arbitration application to the International Chamber of Commerce, saying that the sale of the chip business has violated the terms of the cooperation agreement without its permission, and it hopes to stop the transaction.
In addition to Western Digital's obstruction, the deal will also face antitrust review in multiple markets, which will take some time, so for Toshiba, whether it can be completed before the end of March next year is a severe test.
External Rotor Motor,Outer Rotor Motor,External Rotor,External Rotor Fan
Wentelon Micro-Motor Co.,Ltd. , https://www.wentelon.com