After students and teachers shown with toy guns in schools, PM Anwar says Putrajaya will keep Palestine solidarity events in check
That opposition had effectively frozen the deal, one of the people familiar with the matter said. The two people also cited a failure to agree on terms.It was not immediately clear if the merger would ultimately be scuppered or whether it could be revived. The combined company would control a third of the global NAND flash market, on par with top player Samsung Electronics , threatening the position of Hynix, the world’s No. 3 maker of NAND flash memory.Asked about the cancellation, Japanese Industry and Trade Minister Yasutoshi Nishimura told reporters the government would follow up on the situation and continue to support Kioxia as the company is an important manufacturer of advanced chips.
The merger would have given the companies “an opportunity to cut cost and be a more effective competitor in the market”, said Mark Miller, analyst at Benchmark Company.The companies reported a combined loss of roughly US$1.4 billion in their latest quarterly reports.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fmtoday - 🏆 5. / 72 Read more »