Toshiba reportedly to sell stake in Taiwan backend houses

JapanDigi Times — Toshiba reportedly plans to sell all or a portion of its shares in Taiwan-based Powertech Technology (PTI) and Walton Advanced Engineering, according to recent reports from Taiwan’s media outlets. Toshiba will dispose of the shares totaling 49,298,408 units it holds in Walton, according to a Chinese-language Apple Daily report. Toshiba currently holds a 9.8% stake in the company.

China’s Tsinghua to buy 25% stake in chip firm Powertech

TaiwanTimes of India — TAIPEI/HONG KONG: Chinese state-backed technology conglomerate Tsinghua Unigroup Ltd is buying a 25% stake in Powertech Technology for $600 million, becoming the largest shareholder in the Taiwanese chip packaging and testing company. The alliance, announced on Friday by both companies, is likely to help bolster the development of China’s fledgling chip industry and comes after the Chinese tech group recently hired a veteran Taiwanese semiconductor executive.