The source said China's antitrust officials at the ministry of commerce believe SK Hynix will have a substantial stake in the Toshiba chip business after sale if the deal is approved.
Informed sources also said that the transaction to get the approval of the Chinese government, Toshiba may need to make some remedial measures to ensure that will not affect the fair market competition, thereby dispelling the concerns of China's regulatory authorities.Thus, China's Ministry of Commerce or conditional approval The transaction.
Currently, China is the largest semiconductor market in the world, and China is investing billions of dollars each year in this area to build its own semiconductor industry.
September 28 this year, Bain Capital consortium officially signed with Toshiba, Toshiba chip business unit for 180 billion acquisition of informed sources said that as Toshiba is eager to complete the transaction, the Bain Capital consortium the day after signing the anti-monopoly in China The department submitted an application in the hope of approving the transaction.
Under the terms of the contract, SK Hynix will fund the transaction through convertible claims, which will enable SK Hynix to acquire a maximum of 15% of the voting rights in the Toshiba chip business, and SK Hynix is currently the second-largest memory chipmaker in Korea.
Earlier, Toshiba's chip business partner Western Digital also disagreed with SK Hynix's involvement in the deal, but Western Digital had settled with Toshiba last week.
In addition, Argyle Street Management, a Hong Kong-based aggressive investor, said last week that it has become unnecessary for Toshiba to sell its $ 18 billion chip business after its recent injection of capital. Currently, Argyle Street Management is inviting more than 30 overseas Investors, hoping to oppose the deal with them.