ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
 (placeholder image)
Western Digital has insisted on majority ownership of Toshiba's memory unit.   © Reuters
Business

Public-private fund mulls Toshiba chip bid with Western Digital

INCJ, Tokyo seek compromise as Toshiba partner refuses to budge

| Japan

TOKYO -- The Innovation Network Corp. of Japan will enter into negotiations with Western Digital on partnering to purchase Toshiba's memory unit, though preliminary talks suggest that they have a wide gap to bridge.

The Japanese public-private fund's Innovation Network Committee will meet Tuesday to examine the state of the Toshiba Memory sale. The INCJ hopes to sort out any potential investment by around mid-June, before Toshiba's general shareholders meeting late that month.

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