At the same time, Gathering Microelectronics was informed that if there are restrictive clauses in the approval process, it is believed that there will be an announcement on the official website tomorrow. If it is unconditionally adopted, the announcement of the State Administration of Market Supervision may not be announced until the next quarter.
This news, also formally announced the Toshiba memory business acquisition case finally settled. Before this, this acquisition has almost become an unsolved problem in the industry.
In September last year, Toshiba decided to sell its storage business at a price of 2 trillion yen to the 'United States, Japan, and the United States' led by the Bain Consortium in order to guarantee the company's required operating funds after its reconstruction.
Although this transaction has passed the review of the anti-monopoly agencies of eight countries and regions since then, it has not been able to pass the review by the Chinese anti-monopoly authority. It has also made this transaction full of uncertainty.
Japan’s Kyodo News reported on May 16 that Toshiba’s Executive Chairman and Chief Executive Officer (CEO) Che Guchang Zhao held a press conference at Toshiba’s headquarters in Tokyo on the 15th to review the progress of the review of the “anti-monopoly law” by relevant Chinese authorities. The sale of the company's Toshiba Memory stated that 'we will maintain the sales policy and wait for the outcome of the review to remain unchanged'. He also pointed out that 'it has not obtained negative information from China'.
Now that the deal has settled, sources said that the Bain Consortium could complete the acquisition by June 1st and deliver 2 trillion yen to Toshiba.
As a result, Toshiba’s financial status will be greatly improved, but with Toshiba’s abandonment of the most profitable semiconductor business, how to improve the profitability of other businesses in the future will be a big problem!