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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.
SK hynix announced it is considering various options, including a joint venture with Seagate Technology, to strengthen the competitiveness of its NAND flash chip business. No decision has been made yet.