A Japanese government-led consortium bidding for Toshiba Corp’s chip business will include South Korean chipmaker SK Hynix Inc, sources familiar with the matter said – a move likely to add firepower to the group’s bid in the hotly contested auction.The sale has seen much tense last-minute jockeying by suitors, leaving the conglomerate little time to come to a decision by its shareholders meeting at the end of this month.Toshiba is seeking a minimum of $18 billion for the world’s second-biggest producer of NAND chips and wants to get the deal done as quickly as possible to help it cover billions of dollars in cost overruns at now-bankrupt nuclear unit Westinghouse. A state-backed fund, the Innovation Network Corp of Japan (INCJ)… Next »
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