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Is SanDisk looking for buyers?

Posted: 16 Oct 2015 ?? ?Print Version ?Bookmark and Share

Keywords:SanDisk? Micron Technology? Western Digital? memory? Toshiba?

SanDisk Corp. is thinking of selling its business to rivals, Micron Technology Inc. and Western Digital Corp, according to a Bloomberg report that references unnamed sources. SanDisk market capitalisation stands at about $12.6 billion.

SanDisk could also be targeted by a Chinese acquirer such as state-controlled Tsinghua Unigroup, which has made an informal bid of $23 billion for Micron. An alternative Chinese acquirer could be the Unigroup-associated Unisplendor, which has agreed to buy a 15 per cent stake in Western Digital for $3.775 billion.

This adds to Western Digital's cash for deals at a time when consolidation is reaching fever pitch across the semiconductor sector.

SanDisk is a designer and manufacturer of flash non-volatile memory. It does its manufacturing in Japan via a partnership with Toshiba although Toshiba's future path is in doubt after the company revealed it has overstated its financial position over seven years by about $1.9 billion.

SanDisk is behind several other manufacturers in size, in particular Samsung and SK Hynix of South Korea and so a takeover by one of its rivals would appear to make sense.

- Peter Clarke
??EE Times Europe

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