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takyon [soylentnews.org] writes:

Toshiba continues to look for a buyer for its memory business [reuters.com]:

South Korea's SK Hynix Inc has entered the running for a stake in Toshiba Corp's memory chip business, seeing an opportunity to gain on rivals in the booming NAND market, a person familiar with the matter said on Tuesday.

The world's No. 2 memory chip maker had submitted an initial bid, although the size of the stake it wanted to acquire had not been decided, the source told Reuters, requesting anonymity as they were not authorized to speak publicly on the deal.

[...] Toshiba aims to raise more than 200 billion yen ($1.7 billion) from the less-than 20 percent stake in its memory business, sources have said. The sale is part of a broader sell-off to cover multi-billion dollar writedowns stemming from its U.S. nuclear power unit.

Previously: Toshiba Teasing QLC 3D NAND and TSV for More Layers [soylentnews.org]
Toshiba Envisions a 100 TB QLC SSD in the "Near Future" [soylentnews.org]
Toshiba Considers NAND Business Split; Samsung Delays Release of 4 TB SSDs [soylentnews.org]

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