Consumer electrical and electronics player V-GuardBSE 1.26 % Industries today said it has received in-principle approval from its board to acquire a majority stake in Guts Electromech Ltd. The Board of Directors of the...
Electronics
Toshiba’s Westinghouse seeks U.S. bankruptcy financing – sources
Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp (6502.T), is taking offers for a financing package to help it go through U.S. bankruptcy, people...
Japan’s Toshiba prepares $2 billion sale of Landis+Gyr – sources
Japan’s Toshiba Corp (6502.T) is preparing a potential $2 billion divestment of smart meter group Landis+Gyr, hoping to rake in capital after a major writedown on its U.S. nuclear unit last month, three people...
Taiwan’s Foxconn ‘definitely bidding’ for Toshiba chip business
Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp (6502.T) and is “very...
Toshiba says it is considering sale of majority stake in chip unit
Toshiba Corp (6502.T) said on Friday it is looking to sell a majority stake in its prized flash memory chip business to plug a hole in its finances from a $6.3 billion write-down of its U.S. nuclear unit. The...
SK Hynix CEO says will consider fresh bid for Toshiba chip unit stake
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)...
