It is unlikely that Canon will help Toshiba

As you know, the Board of Directors of Toshiba has approved a plan for the allocation of production chips in the independent enterprise with the subsequent sale of parts thereof.

For Toshiba expect to sell 20% of the company until the end of the fiscal year, which will come March 31. Among the potential buyers named private investment company, a business partner, Western Digital Corp and state-backed development Bank of Japan. In addition, there is hope that a helping hand will stretch to Toshiba, another Japanese manufacturer Canon. One of the leaders of Canon announced that the company will consider investments in semiconductor manufacturing to Toshiba, if you receive the request. He noted that Toshiba is an important buyer of manufactured Canon lithography equipment for the semiconductor industry.

Unfortunately for Toshiba, Canon new position, designated at the time of publishing the report for the last quarter of 2016 and the year as a whole, is that investments in own development are a priority.

If the buyer will perform a Western Digital, the sale of the aforementioned shares within the specified period will be difficult, since the transaction will require careful analysis of the antitrust regulators because of the fact that the companies are already business partners and work in the same region. In turn, the interest in buying from private investment companies is limited due to the fact that they will get a minority stake, not allowing it to influence the company’s strategy.

Source: Reuters

Tags:
Canon
, Toshiba

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