Japanese government intervenes Toshiba to sell semi-conductor business to Chinese companies or be stopped

[Global Technology Reporter Wang Huan] Japan’s Kyodo News reported on March 23 that if Toshiba Corporation, which is in the business restructuring period, sells its semiconductor business to mainland China or Taiwanese companies, the Japanese government considers the “Foreign Exchange and Foreign Trade Law” (abbreviation). The foreign exchange law suggests stopping the transaction or reconsidering it and has begun to explore it. This is aimed at preventing the loss of data protection technologies that are important not only for private companies but also for security.

However, Toshiba hopes to make up for its huge losses in the nuclear power business in the United States and hopes to sell the semiconductor business at the highest possible price. It is wary of the government's tendency to restrict sales.

Foreign exchange law is obliged to accept government inspections in advance when overseas companies and investors acquire domestic businesses related to security protection. In 2008, when a fund with a British background was preparing to increase the stake in Power Development Company (J-POWER), the Japanese government halted the transaction on the ground that "it may affect the steady supply of electricity."

The Chief Cabinet Secretary of the Japanese Ministry of Finance, Mr. Sugayi, stated at the press conference on the 23rd that Toshiba’s semiconductor business is very important from the perspective of maintaining employment and information management, and expressed that “this is the company’s need to fully consider and judge The problem."

Japan’s industrialist Shigekichi Hiroshi said at the Senate’s Economic and Industry Committee meeting on the 22nd that when Toshiba’s semiconductor technology is used by data centers such as corporations, it’s necessary to consider not causing damage such as data destruction.

It is expected that about 10 companies will participate in the bidding for the Toshiba Semiconductor business. US hard disk giant Western Digital Corporation and Korean semiconductor giant SK Hynix intend to participate. Taiwan's Hon Hai Precision Industry Co., Ltd., which brings Sharp back to China, and companies from China, may also bid. In Japan, some have called for Japan’s policy investment bank and semi-official fund industry reform agency to participate in bidding.

Taiwan’s major factories such as Hon Hai and other companies are located in mainland China, and the Japanese government’s stakeholders hold strong vigilance.

RAM/RFM Middle Frequency Water Cooled Capacitors

RAM/RFM Middle frequency water cooled capacitors

Water Cooled Capacitors,Medium Frequency Capacitor,Intermediate Frequency Capacitors

YANGZHOU POSITIONING TECH CO., LTD. , https://www.pst-thyristor.com

Posted on