Japan may block Toshiba sale to firm with China ties
Taiwanese firm with expanding operations in China is seen as possible national security threat
Japanese daily the Mainichi reports that national security concerns are being raised surrounding the sale of Toshiba’s proposed semiconductor company.
Toshiba is in desperate need of cash, following massive losses from its US nuclear power business, but they may face obstacles for this sale that involves sensitive technology.
One bidder, Taiwan’s Hon Hai Precision Industry Co, has raised concerns because of its ties to China.