WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 223.15

+3.8%

Nov 28 12:59 PM EST

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To: Unwelcomeguest who wrote (2464)	9/28/2017 11:42:31 PM
From: Sam	Read Replies (1) of 4833

On the other hand, this Reuters piece adds a new wrinkle on the Hynix situation. September 28, 2017 / 3:03 AM / Updated 11 hours ago Toshiba $18 billion sale of chip unit signed, but discord emerges immediately Makiko Yamazaki reuters.com excerpt: The acrimonious squabbling over Toshiba’s chip unit also highlights the critical importance of NAND memory chips, as data storage is key to most next-generation technologies from artificial intelligence and autonomous driving to the Internet of Things. In addition to Apple, Bain’s consortium includes South Korean chipmaker SK Hynix, as well as Dell Inc [DI.UL], Seagate Technology Plc and Kingston Technology - all of which want access to NAND technology. Seagate said in statement that with its participation, it expects to enter into a long-term supply agreement that ensures sufficient raw NAND for its solid state drives or SSDs, which are faster and lighter than hard disk drives. Under the deal, Toshiba will have 40.2 percent of voting rights in the chip unit and Hoya will own 9.9 percent. The four U.S. tech firms will not have voting rights. In a move to address anti-trust concerns that may come up in a regulatory review, Toshiba said SK Hynix would be firewalled from accessing proprietary information that belonged to the chip unit and for 10 years, would not be permitted to own more than 15 percent of voting rights.

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