WSJ – Tokyo Takes Lead in Toshiba Chip-Unit Sale Over China Fears

China’s hunger to acquire foreign computer chip IP has the Japanese government, along with its US counterpart, looking warily over their shoulders.

June 21, 2017

‘The Japanese government seized the lead role in buying Toshiba Corp.’s chip unit after expressing concerns about technology leaking to China, but a legal fight could hold up a deal.

Toshiba, seeking to hasten a sale that it hopes can raise about $20 billion, said Wednesday it had chosen as its preferred bidder a consortium that includes a state-backed investment fund and a state-owned bank. The company is trying to stay afloat after the bankruptcy of its U.S. nuclear subsidiary, Westinghouse Electric Co., left it with an estimated loss of nearly $9 billion for the year ended March 31.’

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