🍀Toshiba completes $18B sale of memory business to consortium including Apple
Apple, however, has a keen interest in the acquisition as it is one of the world’s leading manufacturers of NAND chips.
Over the last six months, supply issues have plagued the NAND chip market, causing increased pricing and shipment delays.
The shortage is believed to be the reason Apple was forced to increase the price of its high-capacity iPad Pro models last year.
Originally, there were bids from three separate groups interested in acquiring Toshiba’s NAND chip business.
Apple held a role in all three, but it’s the Bain Capital consortium that ultimately prevailed.
Toshiba’s full statement can be found here.
9to5Mac
https://9to5mac.com/2018/06/02/toshiba-memory-business-sale-complete/