Micron Technology Is Said to Be Takeover Target of Chinese Company
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The memory chips made by the Micron, which is based in Idaho, sit in data centers and servers that process the flow of information across the globe. CreditKai Pfaffenbach/Reuters
HONG KONG — It is either the first step in the largest takeover of an American company by a Chinese one or a new chapter in the emerging technological cold war between the two countries.
Tsinghua Unigroup, a state-owned company that is China’s top chip maker, is preparing a $23 billion bid for Micron Technology, the United States maker of memory chips, according to a person briefed on the matter. The bid would dwarf the price of the closest such deal, the $4.7 billion paid by Shuanghui International Holdings of China to take over the American pork producer Smithfield Foods in 2013…
Micron Technology Is Said to Be Takeover Target of Chinese Company
