Japan chip giant Rohm to invest $722 mln in Toshiba buyout group
18/07/2023 07:19
TOKYO, July 18 (Reuters) - Rohm co 6953.T said on
Tuesday it will invest 100 billion yen ($722.33 million) in the
group led by Japan Industrial Partners that is launching a
tender offer for Toshiba Corp 6502.T .
"Toshiba's semiconductor business is highly compatible with
the company," Rohm said of its investment, in a statement.
($1 = 138.4400 yen)
(Reporting by Kantaro Komiya; Editing by Muralikumar
Anantharaman)
((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))