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SK Hints at "Surprise" Outcome for Toshiba Bidding

May 16, 2017 06:27|May 16, 2017 06:27
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Park Jung-ho, CEO of SK Telecom, showed strong confidence in the outcome of the company's bidding for acquisition of Toshiba's semiconductor unit.


In his press talk held in San Jose, California, on May 11, Park said, "Some say that SK Hynix is lagging behind in the race to acquire Toshiba's memory chip business. However, I don't think so. We could bring some surprise news."


He added, "I visited Japan before coming here to the United States where I checked the local atmosphere. I felt the sense of consensus spreading among Toshiba employees that it would be better for Toshiba's semiconductor unit to be acquired by a company engaged in the same memory business."


The strongest candidates for the acquisition of Toshiba's semiconductor unit can be shortlisted into five, i.e., SK Hynix, Hon Hai Group, Western Digital, the Broadcom consortium, and Kohlberg Kravis Roberts.


Among them, only two, SK Hynix and Western Digital, are currently engaged in the memory chip manufacturing business. However, when asked about if there is any tangible progress, Park said, "I can't go into further details at the current moment."