Toshiba clears hurdle in bid for chip equipment maker NuFlare

Offer wins support from key shareholder Toshiba Machine

Toshiba seeks greater control of chip equipment unit NuFlare. (Photo by Makoto Kawakami)

EIKI HAYASHI, Nikkei staff writerJanuary 15, 2020 23:48 JSTUpdated on January 16, 2020 03:14 JST | Japan

TOKYO -- Toshiba Machine said Wednesday it will sell the company's nearly 16% stake in NuFlare Technology to Toshiba, easing the way for the Japanese technology group to take control of the chip equipment maker.

Toshiba clears hurdle in bid for chip equipment maker NuFlare

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Toshiba clears hurdle in bid for chip equipment maker NuFlare

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