Japan chip giant Rohm to invest $722 mln in Toshiba buyout group

Toshiba

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;))