It became known as SK Hynix will Finance its participation in the purchase of semiconductor manufacturing Toshiba

Company SK Hynix intends to Finance its participation in the purchase of semiconductor manufacturing Toshiba using convertible bonds. Reuters said two unnamed source. Recall that SK Hynix is part of the consortium named as the preferred buyer of Toshiba’s semiconductor production, a separate company TMC.

This information is contrary to assurances Toshiba that the South Korean company will have no financial or managerial impact on TMC, designed to remove concerns about possible leakage of advanced technologies. The Japanese side is interested in maintaining control over the enterprise.

New information about SK Hynix strengthens the company’s position with Western Digital, trying to stop the transaction on the grounds that the sale would violate the rights of its subsidiaries SanDisk partner Toshiba.

Analysts believe that Toshiba will have to clarify the conditions of participation of SK Hynix, otherwise the transaction will be called into question. According to unofficial data, the Fund Innovation Network Corp of Japan (INCJ) will receive the largest share, although its contribution will be only $ 2.7 billion with a total transaction amount of around 18 billion.

The company SK Hynix for the time touched on the issue only in passing, explaining his participation in the transaction by a desire to establish joint ventures with Toshiba.

Source: Reuters

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Toshiba
Western Digital
SK Hynix

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