Toshiba needs to raise the money by March to repair its balance sheet and avoid being delisted from the Tokyo Stock Exchange. Photo: ReutersBeijing: Terry Gou, the billionaire behind Apple Inc.’s iPhone factories, is pressing his case to acquire Toshiba Corp.’s memory chips business in a last ditch effort to beat out two American buyout firms in the tumultuous auction. “We just hope the board directors of Toshiba will make a decision on commercial terms, on business terms, on technology terms, rather than political terms,” Woo said. Besides the risk of delisting, he said Toshiba’s chips business will fall behind if it can’t make investments quickly. Samsung is the largest maker of memory chips and the plant will focus on NAND flash, the core product of Toshiba’s business.

Source: Mint September 08, 2017 06:33 UTC