31 Mar '17, 7pm

Toshiba Shareholders OK Chip Unit Sale as Bidders Mount

SAN FRANCISCO—Toshiba’s shareholders approved spinning off the company’s semiconductor business into a separate business at a special shareholder meeting Thursday (March 30), paving the way for a sale that could fetch up to $18 billion, according to reports. Meanwhile, the number of reported bidders in the Toshiba chip business continues to mount, though most of the bidders are unconfirmed. Japan’s Nikkei news service reported Friday that roughly 10 bidders have emerged in the sweepstakes to land the business, which is second only to Samsung Electronics in NAND flash sales. The bids include a $17.9 billion offer from Broadcom and U.S. private equity firm Silver Lake Partners, Nikkei reported. In addition to Broadcom-Silver Lake, Nikkei also reported that both South Korea’s SK Hynix and U.S. hard disk drive maker Western Digital have also submitted bids. Both firms had also...

Full article: http://www.eetimes.com/document.asp?doc_id=1331546&_mc=RS...

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Google Calls for Switch Chip API - EE Times

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Japan Declares Sale of Bitcoin Exempt from Consumption Tax

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via @eetimes

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Apple Is Set on Developing Its Own iPhone Graphics Chip Technology

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