Apple is selling back its stake in Toshiba

In the course of last summer, the sale of Toshiba's memory chip production division was widely discussed. This was a relatively fundamental step that greatly influenced the future direction of the market, as Toshiba is a manufacturer that balances the position of competitors, especially Western Digital. The NAND chip manufacturing division was eventually bought by a consortium of companies that included Apple. However, he will give up his share.

Toshiba has announced that it plans to buy back the assets it sold last year. Apple, Seagate, Kingston and Dell will thus earn a decent amount of money. As far as Apple is concerned, the earnings from the entire transaction should exceed the $100 million mark, which is a very decent result for an essentially annual investment product.

Toshiba gave up its division for the production of NAND chips mainly for economic reasons, when there was also a threat that a hostile takeover of the company by Western Digital could occur, which would greatly affect the shape of the market and the position of WD as a dominant player. In the end, a consortium of four companies was formed, which were both interested in production capacity and in maintaining a certain status quo on the market.

Since then, however, Toshiba's financial situation has improved, the company will acquire a huge a loan from the Bank of Japan, allowing it to buy back what it disposed of last year. In the final, everyone will be satisfied. The field of NAND chip market players has not changed, the four companies mentioned above will earn something and Toshiba has its business back.

Source: 9to5mac