Google, Amazon eye Toshiba's chip unit

Google, Amazon eye Toshiba's chip unit

At the same time however it would have to deal with Toshiba's legacy clients, and either phase them out or enter the global memory business.

Toshiba shareholders on Thursday agreed to split off its prized chip unit, paving the way for the sale.

US private equity firm Silver Lake Partners LP [SILAK.UL] and USA chipmaker Broadcom Ltd have offered Toshiba Corp about 2 trillion yen ($17.9 billion) for its chip unit, the Nikkei business daily reported on Friday.

Currently, there are 10 bidders including the world's third largest NAND flash maker Western Digital, Korean chipmaker SK hynix, Taiwanese tech firm Hon Hai and United States chipmaker Broadcom.

Assembly convenes hoping to break budget gridlock
State lawmakers, however, will not receive a paycheck until they pass a finalized budget, which the law calls for by April 1. But for someone like Cuomo, whose ideology bends only toward the consolidation of power, this is what triumph looks like.

In addition to a number of Toshiba's fellow semiconductor manufacturers, several investment funds are also among the organisations interested in potentially acquiring the embattled Japanese tech company's memory chip division, Bloomberg reported on 17 March.

Apple, Amazon, and Google, among others, are said to be involved in a bidding war for the business, which accounts for 20 percent of the NAND market.

The red ink is largely tied to huge cost overruns and construction delays at its USA nuclear power unit Westinghouse Electric, which filed for bankruptcy protection late March.

Taiwan's Hon Hai, which acquired Japanese electronics- maker Sharp past year, has apparently bid more than two trillion yen (S$25 billion), the daily said.

Flyers' Neuvirth carted off ice after collapsing in crease
As the teams prepared for a faceoff at center ice during the first period, Flyers goalie Michal Neuvirth collapsed in his crease. Shortly before the NHL All-Star break, the Flyers earned a 3-0 shutout win at Madison Square Garden on January 25.

The latest bit comes amidst the specter of the company having its shares delisted from the Tokyo Stock Exchange. The company is still bleeding red ink, and could report a $9 billion loss this year thanks to issues that have nothing to do with the memory chip business.

Toshiba will start negotiating with individual candidates next month, the Nikkei said.

Toshiba, which bought Westinghouse in 2006 for US$5.4 billion, now faces months of complex negotiations over the fate of its U.S. nuclear business, a discussion that could embroil the United States and Japanese governments.

Six detained in St Petersburg for suspected ISIS recruitment
Meanwhile, his parents - who have said they have not seen their son for quite some time - arrived in St. Extremist Islamist literature was discovered during a search of the detainees' homes, officials said .

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