Toshiba Chip Business

Governments around the world are investing aggressively to build domestic supplies of semiconductors

ASML dominates the market for lithography tools - huge expensive, complex machines that perform one step in the chipmaking process, helping to create circuitry

Toshiba executives on Friday said privatisation remains an option for the Japanese tech company, as they defended their efforts to choose the right bidder to restore what they called a strong Toshiba.

Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership on Thursday, ahead of a shareholders' meeting next month. Toshiba Corp. said it seeks to add on the board outside directors, such as Nabeel Bhanji, an executive at Elliott Opportunity II Corp., which handles acquisitions and investments, and Eijiro Imai, a former managing director at Farallon Capital Management, a US investment firm. Also proposed for the board is Akihiro Watanabe, an executive at Houlihan Lockey, a US investment bank. Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. Earlier this year, it tapped Taro Shimada, an executive officer and corporate senior vice president, to replace Satoshi Tsunakawa as chief executive. Shimada was an executive at Siemens, both in Japan and the US, before joining Toshiba in 2018, working in its digital operations. In February, Toshiba proposed splitting into two companies, one focused on infrastructure and

Western Digital was one of the bidders but said it was confident about its legal position in Toshiba's chip business

The move comes after sources said Western Digital Corp had revised its offer

Foxconn has broad support for its offer from Apple, SoftBank Group

Toshiba is trying to clinch a deal worth $8 billion

Terry Gou, Foxconn's founder also said Amazon.com Inc was close to joining

Taiwan's Foxconn has also partnered with its Japanese unit Sharp Corp in its bid