Toshiba may be forced to postpone the finalization of the semiconductor subsidiary purchaser

[Global Technology Reporter Wang Huan] According to a report from Japan’s Kyodo News on June 20, the “Toshiba Memory” (located in Tokyo) acquirer of Toshiba’s selected semiconductor subsidiary was deemed to be a “combined Japanese, U.S. The stagnation and the time that it was trying to finalize on the 28th may have to be postponed. This was due to the escalation of the confrontation between Toshiba and the Western Digital (WD), a joint venture partner, as a litigation. There was a strong call within the consortium that the problem should not be funded before the issue is resolved.

The formation of the Japan-US-Korea Consortium is dominated by the Ministry of Economy, Trade and Industry Its purpose is to serve as a national policy to maintain the important technology and employment positions that factories in Yokkaichi City, Mie Prefecture have. The main competitor is the camp formed by the US semiconductor giant Broadcom and the US Silver Lake Investment Fund.

The core content of the Japan-US-Korea Consortium Acquisition Program is the newly established "special-purpose company" (SPC), which is to be taken over by the semi-official fund industrial innovation agency and the Japan Policy Investment Bank, and the US fund Bain Capital, South Korean semiconductor giant SK Hynix, etc. Join. Taking into account the review of the Anti-Monopoly Law, SK Hynix will participate in loans instead of capital injections. The acquisition amount is also higher than Toshiba’s expected 2 trillion yen (about RMB 122 billion), and close to the Broadcom camp’s 2.2 trillion yen.

However, WD filed a lawsuit with the US court to stop the sale and the prospects are still uncertain. Therefore, the Japan-US-South Korea consortium has already begun to study the conditions for joining such conditions as freezing the acquisition payment. U.S. fund KKR and many Japanese companies that are seen as having an active attitude towards joining the coalition also have variations.

Compared with the Japan-US-South Korea consortium, the Broadcom camp has a clearer project body, and it is expected that there will be room for investment in factories that are deemed to require hundreds of billions of yen each year. In view of Bo’s acquisitions, Toshiba is very vigilant in implementing layoffs for factories. WD also strongly opposed.

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