29 Apr '17, 4am

Politics Muddy Toshiba Bidding

TOKYO — As the second round of bidding for Toshiba’s coveted memory business draws near to its close in a few weeks, the opaque process is exposing a deep schism of interests in Japan among politicians, bureaucrats, corporate leaders and bankers. Many observers blame the deepening rift on the malaise that afflicts the semiconductor industry here. Also, the bidding process has become a highly political spectacle, which partly explains why there have been so many leaks to the Japanese media on the topic. But before identifying the flaws in this bidding process, let’s not forget who’s who in the Toshiba memory sweepstakes. (Source: Takashi Yunogai, Japanese media reports, EE Times) In the first round of bidding, Toshiba narrowed the field to four suitors: Western Digital, Broadcom, South Korea's SK Hynix and Hon Hai. Last week, a joint proposal by KKR and two Japanese state-b...

Full article: http://www.eetimes.com/document.asp?doc_id=1331667&_mc=RS...

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