SK Hynix Inc will consider making a fresh bid for Toshiba Corp’s flash memory chip business should the Japanese conglomerate offer more of it for sale, the chief executive of the South Korean chipmaker said on...
BEL stake sale begins today; floor price Rs 1,498
The government will begin on Wednesday five per cent stake sale in state-owned aerospace and defence company Bharat Electronics Ltd to raise about Rs 1,600 crore. The sale of 11.1 million shares will be at a minimum...
Toshiba seeking $8.8 billion for majority stake in chip unit: source
Toshiba Corp (6502.T) wants to raise at least 1 trillion yen ($8.8 billion) from the sale of a majority stake in its flash memory chip business as a buffer against any fresh financial problems, a source with direct...
Toshiba shares slide as bigger stake in chip unit likely up for sale
Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its US nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash...
Toshiba receives bids as high as $3.6 billion for chip business stake: source
Toshiba Corp has received bids ranging from 200 billion yen to as much as 400 billion yen ($1.8-3.6 billion) for a 19.9 percent stake in its flash memory business, a person directly involved in the deal told Reuters on...
Infineon, Cree warn U.S. might block Wolfspeed deal
German chipmaker Infineon Technologies AG (IFXGn.DE) and U.S. LED lighting maker Cree Inc (CREE.O) warned on Wednesday that Cree’s agreed $850 million sale of its Wolfspeed Power unit to Infineon might not go...
Foxconn joint venture to build $8.8 billion LCD plant in China
A joint venture between Hon Hai Precision Industry Co (2354.TW), known as Foxconn, and Sharp Corp (6753.T) plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs)...
Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells
Panasonic Corp (6752.T) will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk’s Tesla Motors (TSLA.O) to make photovoltaic (PV) cells and modules, deepening a...
Toshiba flags hit of ‘billions of dollars’ on U.S. nuclear acquisition
Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12 percent and rekindling concerns about its...
Toshiba sees loss of about 100 bn yen on US nuclear power acquisition
Electronics giant Toshiba Corp expects to report a one-off loss of about 100 billion yen ($850 million) on a US nuclear power acquisition made by its Westinghouse operation last year, the Nikkei business daily reported...
TDK agrees to buy InvenSense for about $1.3 billion in cash
TDK Corp. agreed to buy InvenSense Inc. in a deal that values the supplier of sensors to Apple Inc. and other smartphone makers at about $1.3 billion. The offer is worth $13 a share in cash for the San Jose, California...
Japan Display to raise stake in OLED display maker Joled: Nikkei
Japan Display Inc (6740.T) will pay more than $100 million to boost its stake in an organic light-emitting diode (OLED) panel maker, the Nikkei business daily said – a step that would improve its position in a key...
