Such a split would precede the flash memory combination with Kioxia, one of the sources said, adding that the merged company might pursue a listing after the deal.in 2018 to a consortium led by Bain Capital for $18 billion. It has shelved plans for an initial public offering due to the deteriorating flash-memory market. Toshiba still owns 40.6% of Kioxia.of the Japanese company.
Kioxia's falling valuation is one of the factors that dragged down JIP's offer price, according to a Toshiba filing. In Japan, the two companies jointly produce NAND flash memory chips, which do not need power to retain data and are used in smartphones, personal computers and data centre servers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: