Toshiba is Now Thinking of Fully Selling its Chip Unit, Rather Than Just a 20% Stake
The second biggest supplier in Flash Memory might be in the hands of another company.
Toshiba (TOSYY) is now thinking of fully selling its chip unit, rather than just a 20% stake. The unit is the world's second-biggest supplier of NAND flash memory, after Samsung (SSNLF) . Toshiba flash partner Western Digital (WDC) - Get Report was reportedly interested in the stake, which would increase its flash exposure. But Western would have a much harder time financing a full-blown purchase of the Toshiba unit. Some other parties interested in the stake, such as Foxconn (FXCOF) and Bain Capital, might be able to afford a full acquisition.
This article was written by a staff member of TheStreet.
