Reuters

shares of the NAND memory division will go under the hammer


It seems that Toshiba’s history as a semiconductor company is drawing to a close. As the journalists of the Japanese edition of Nikkei learned, the company decided to gradually get rid of the shares of the NAND flash memory division. The bitter irony is that NAND memory was invented in Toshiba. It happened in 1987. After 33 years, it turned out that this company’s business is no longer within its reach.

Reuters

The sale of shares of Kioxia Holdings (formerly Toshiba Memory) Toshiba intends to do after placing them on the Tokyo Stock Exchange, which is expected in October this year. According to unofficial data, Toshiba plans to sell a significant portion of Kioxia’s shares. Shareholders of the company and analysts insist on such actions. The semiconductor market, they said, has become like a pendulum, which negatively affects the financial performance of the Toshiba group.

The Toshiba Memory division, we recall, was created in response to a series of scandals with Toshiba financial statements and the enormous losses from the activities of Westinghouse Electric’s American daughter Toshiba. The company raised 2 trillion yen ($ 18.7 billion) from the sale of Toshiba Memory to foreign shareholders. The deal involved the repurchase of a portion of Toshiba Memory’s shares by Toshiba. For 350 billion yen, Tohiba acquired a 40.2% stake in the unit.

By the way, today Toshiba corporation is 70% owned by foreign investors. It is unlikely that any of them are worried that the release of NAND-memory by a national manufacturer is the area of ​​national security of Japan. What China is heading for with confidence is not to bother “Effective managers”. Is it unprofitable to release memory today? Sell ​​the manufacturer!



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