ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Toshiba is inviting Japanese companies to participate in a joint investment in its new memory unit.
Business

Japanese alliance for Toshiba Memory investment taking shape

Businesses, government mull late offer for stake

| Japan

TOKYO -- A Japanese public-private consortium is being assembled to bid for a stake in Toshiba's newly spun-off memory unit in hopes of heading off potential outflows of technology and talent from the country, it was learned Friday.

Toshiba and members of the business community, with support from the Ministry of Economy, Trade and Industry, are sounding out companies about joint investment in Toshiba Memory. The proposed terms would have each participant contribute about 10 billion yen ($90.2 million).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more