Toshiba just announced that a deal has been reached to sell a part of its company responsible for making flash memory chips to a consortium of companies that include Bain Capital and Apple.
It’s no secret that Apple is getting its memory chips from Samsung, and the fact that only Samsung can provide a large enough quantity puts it in a very strong position. This is where the Toshiba transaction becomes really important, not just because of the huge sum of money involved, but because it changes who things work in the market.
Toshiba is a bad place right now, and it’s bleeding money. The company used to be a leader in a number of technologies, but it overextended or remained behind. In any case, Toshiba needs an influx of funds, and selling off a part of the business is probably the only way to get it.
Changes won’t happen overnight
According to <a href="https://www.bloomberg.com/news/articles/2017-09-28/toshiba-seals-18-billion-deal-to-sell-chip-a… (read more)
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