Toshiba has been on the Tokyo stock exchange's supervision list since mid-March as it has failed to clear up concerns about its internal controls after a 2015 accounting scandal. — Reuters
TOKYO: Western Digital Corp plans to raise its offer for Toshiba Corp’s prized semiconductor unit to US$18bil or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital.
The US chipmaker is part of a consortium led by a Japanese government-backed fund. The group will present the new offer of 2 trillion yen or more by Thursday, when the struggling Japanese conglomerate is due to choose a preferred bidder for its Toshiba Memory Corp unit, the world’s second-largest producer of NAND memory chips, the person told Reuters last Saturday.
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