# Toshiba board approves sale of microchip unit to Bain-led group for $18B

Toshiba's board approved a plan to sell its microchip business to a group of American and Japanese buyers led by Bain Capital for 2 trillion yen ($18 billion). The deal is tentative and details must still be finalized.

- Type: Acquisition
- Announced: 2017-09-20
- Where: Tokyo, Japan
- Value: $18.0B
- Status: announced
- Products: microchips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Bain Capital](https://endata.com/companies/1000.md) (acquirer)
- [SK Hynix](https://endata.com/companies/2769.md) (investor)
- [Apple](https://endata.com/companies/2967.md) (investor)
- [Toshiba](https://endata.com/companies/8893.md) (target)
- [HOYA Corporation](https://endata.com/companies/20501.md) (investor)
- [Seagate Technology](https://endata.com/companies/20723.md) (investor)
- [Dell Technologies Capital](https://endata.com/companies/27194.md) (investor)
- [Kingston Technology Corporation](https://endata.com/companies/27195.md) (investor)
- [Dell](https://endata.com/companies/27286.md) (investor)

## Sources

- [nytimes.com](https://www.nytimes.com/2017/09/20/business/dealbook/toshiba-bain-capital-chip.html), 2017-09-20: "The board of the Japanese conglomerate Toshiba has approved a plan to sell its lucrative microchip business to a group of American and Japanese buyers."
- [cnbc.com](https://www.cnbc.com/2017/09/28/toshiba-sells-chip-unit-to-bain-apple-group-for-18-billion.html), 2017-09-28: "Toshiba agreed Thursday to sell its chip division for 2 trillion yen ($17.7 billion) to a Bain Capital-led consortium that involves large U.S. technology firms including Apple and Dell."
- [reuters.com](https://www.reuters.com/article/business/toshiba-18-billion-sale-of-chip-unit-signed-but-discord-emerges-immediately-idUSKCN1C30OM/), 2017-09-28: "Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP."
- [eetimes.com](https://www.eetimes.com/toshiba-inks-acquisition-deal-with-bain-led-group/), 2017-09-28: "Toshiba Corp. said it inked an $18 billion agreement to sell its semiconductor business to the consortium led by private equity firm Bain Capital"
- [arabstoday.net](https://www.arabstoday.net/en/84/toshiba-signs-deal-to-sell-chip-unit-to-bain-led-group-for-18-225716), 2017-10-01: "Japan's Toshiba Corp. said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP."

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