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INCJ looking at Toshiba chip unit auction; didn't bid in first round
April 18, 2017 / 5:33 AM / 5 months ago

INCJ looking at Toshiba chip unit auction; didn't bid in first round

TOKYO, April 18 (Reuters) - The state-backed fund Innovation Network Corp of Japan is looking at the auction of Toshiba Corp’s chip unit but did not participate in first-round bidding, INCJ Chairman Toshiyuki Shiga said on Tuesday.

Sources familiar with the matter have told Reuters INCJ may invest in the business as a minority partner - a move that would help the government prevent a sale to bidders it deems risky to national security. (Reporting by Taiga Uranaka; Editing by Edwina Gibbs)

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