[Global Technology Reporter Wang Huan] According to a report by the Japanese Kyodo News on March 30th, Toshiba’s company, which was in the business restructuring period, sold its shares to spin off its semiconductor business and set up a new company. The bidding ended on the 29th and began to select target companies. At the press conference held in Tokyo, President Gang Gangchi said about the bid situation that “there were enough competent companies” to resolve the insolvency situation. According to the analysis, about 10 overseas companies and competitors, including interested parties, participated in the bidding. Toshiba will carefully consider the contents of the proposal and decide the target company as soon as possible by the end of May.

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Previously, it was rumored that the semi-government fund "Industrial Innovation Agency" and Japan Policy Investment Bank, which will participate in the bid, did not submit bids and considered the formation of a consortium with U.S. companies in this bid. There does not seem to be a strong proposal from Japanese companies.

Candidate companies include U.S. Western Digital Corporation, which manufactures Toshiba’s main product “flash memory” in Yokkaichi City, Mie Prefecture, as well as U.S. “Silver Lake” and other investment funds and Taiwan’s Hon Hai Precision Industry Corporation.

Semiconductor giants such as Micron America and South Korea’s SK Hynix also expressed interest. The South Korean media "Central Daily" reported on the 29th that SK Hynix is ​​expected to form a consortium with Japanese investors.

Toshiba's "flash memory" is quite competitive as a storage medium. The Japanese government and industry are wary of falling into the hands of Asian companies such as Korea or China. The government is exploring ways to prevent the outflow of technology on the grounds that it is related to security. There are also joint programs between Japan and the United States.

On the value of semiconductor business, Gang Chuan pointed out that “at least 2 trillion yen (approximately RMB 120 billion) is also at present rising,” and that it will also consider technology outflow issues when selecting target companies. The chairman of the Japan Chamber of Commerce and Industry, Mr. Mitsuo Muramura, told a reporter group in Tokyo: “We have a sense of crisis. I hope Japanese manufacturers will participate in the bid.”

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