7 ms·
No way a foreign company will be allowed to buy Toshiba due to national security concerns. One of domestic players will be to chip in and be partial owner.
by throwaway40483 9y ago
No way a foreign company will be allowed to buy Toshiba due to national security concerns. One of domestic players will be to chip in and be partial owner.
- nkkollaw 9y agoWhy national security..? If there's a world war and all of a sudden Japan doesn't have computers? (genuinely curious)
- bitexploder 9y agoPerhaps they meant economic security.
- bigtimeidiot 9y ago>If there's a world war and all of a sudden Japan doesn't have computers? Pretty much. If you're at war you need that materials to feed the war machine, which includes the metal to build the plane as well as the computers that go in the cockpit (and let's not forget the knowledge to build it all).
- nkkollaw 9y agoGot it. Kind of makes sense.
- eigenvalue 9y agoThey just don't want the Chinese to get DRAM fab technology and then flood the market with cheap parts.
- abalashov 9y agoI don't think the issue is actually national security as much as preserving Japan's relatively closed economic system of interlocking corporate ownership / keiretsu.
- abalashov 9y agoWhy am I being down-voted? That's the standard bargain Japan has with the US. It goes back to the Cold War. I'm not passing judgment; it's just a known matter of fact that their economy is rather closed to outside investment, especially controlling interests.
- huxley 9y agoToshiba has been having a lot of trouble lately thanks to Westinghouse, so the Abe's government might consider foreign control to be a lesser evil than massive layoffs or a bailout. https://www.bloomberg.com/news/articles/2017-04-11/toshiba-reports-earnings-without-auditor-s-approval-after-delays https://www.bloomberg.com/news/articles/2017-04-11/toshiba-r...