Toshiba Will Sell Its Memory Business For $18 Billion To Bain Capital Led Consortium; Includes Apple, Dell, Hynix & Others

Toshiba Will Sell Its Memory Business For $18 Billion To Bain Capital Led Consortium; Includes Apple, Dell, Hynix & Others

7 years ago
Anonymous $wKBR2uNMvM

http://wccftech.com/bain-group-apple-sk-hynix-buy-toshiba-18-billion/

Japanese chip maker Toshiba hasn’t seen much love this year. The company’s faced financial problems for quite a while. At the start of 2017, we heard whispers that the firm was up for sale and one of its potential buyers is Apple. Cupertino doesn’t manufacture components for its gadget lineup and outsources these parts instead. One critical component for any mobile gadget is its memory. And right now, Samsung is king not only for OLEDs but also for memory chips. The Korean tech giant controls nearly 40% of the market. Today, we’ve got more news for Toshiba and Apple’s efforts to buy the Japanese company. Take a look below to find out more.

Apple and Samsung are a lot like US and China. While both the companies are staunch competitors, they also rely on each other for a lot of critical matters. Apple depends on Samsung to manufacture a lot of critical components for its devices. The Korean manufacturer on the other hand needs its share of Apple’s massive of iPhone revenues.