Toshiba picks Bain, SK hynix, Apple group to sell its memory unit
Sept 20, 2017
After three-month-long negotiations, Japanese conglomerate Toshiba selected a global consortium led by US private equity group Bain Capital to sell its memory business, according to news reports on Wednesday. The consortium includes South Korean chipmaker SK hynix and tech giant Apple.For SK hynix, the world’s fifth NAND flash maker, the group’s acquisition of the Toshiba unit is expected to help raise competitiveness of the chip business. Toshiba is the second largest NAND provider in the world