# Toshiba to pick Japan-US-Korea group to buy chips unit

Toshiba Corp will select a Japanese government-led consortium of Japanese, U.S. and South Korean firms and funds to buy its semiconductor business, with a bid clearing the 2 trillion yen ($18 billion) minimum.

- Type: Acquisition
- Announced: 2017-06-20
- Where: Japan
- Value: $18.0B
- Status: rumored
- Products: NAND chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Toshiba](https://endata.com/companies/8893.md)

## Sources

- [reuters.com](https://www.reuters.com/article/us-toshiba-accounting-idUSKBN19B0Y7/), 2017-06-20: "Embattled Toshiba Corp will pick a Japanese government-led group of Japanese, U.S. and South Korean firms and funds to buy the conglomerate's semiconductor business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.