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Is Toshiba set to sell PC operations to Asus?

Is Toshiba set to sell PC operations to Asus?

Lenovo Group could have also expressed interest in the Toshiba business the reports claim

Japanese tech player, Toshiba, may be in negotiations to sell its personal computer operations to Taiwan's Asustek, according to Japanese media outlet, the Nikkei.

China's Lenovo Group could have also expressed interest in the Toshiba business, the newspaper reported.

The move is part of a larger restructuring plan by Toshiba, as it scrambles for funds to cover billions of dollars in liabilities arising from its now bankrupt US nuclear unit Westinghouse.

Toshiba said in September it had signed an US$18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key -- albeit not its last -- hurdle as it scrambles for funds to stave off a potential delisting.

The sale of the unit -- the world's second biggest producer of NAND chips -- was agreed to the prior week after a tortuous auction process but the signing was delayed because consortium member Apple demanded new terms on chip supply, sources familiar with the matter have said.

Bain Capital subsequently said it aims to list Toshiba Corp's chip unit on the Tokyo Stock Exchange within three years, to cash in its investment after leading an US$18 billion acquisition of the business.

(Reporting by Karan Nagarkatti in Bengaluru; editing by Shounak Dasgupta; additional reporting by Makiko Yamazaki and Junko Fujita; writing by Miyoung Kim; Editing by Christopher Cushing; further reporting by Kentaro Hamada, Taro Fuse, Junko Fujita, Sam Nussey and Naomi Tajitsu; Editing by Edwina Gibbs.)


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