ROHM Co., Ltd. (TSE:6963) is considering joining Japan Industrial Partners Inc.'s bid to take over Toshiba Corporation (TSE:6502), it was learned 16 November 2022. Through the investment, Rohm apparently aims to forge collaboration with the Japanese technology company, which is also involved in semiconductor business. JIP, the investment fund that was chosen as a preferred bidder for Toshiba's business reconstruction, has proposed taking the company private by buying all Toshiba shares for about CNY 2.2 trillion.

It plans to cover around CNY 1 trillion of the total costs with investments from more than 10 Japanese companies and the rest with bank loans. General contractor Taisei Corporation (TSE:1801), major leasing company ORIX Corporation (TSE:8591) and Chubu Electric Power Company, Incorporated (TSE:9502), which has close ties with Toshiba in nuclear power plant business, are also mulling joining the bid. JIP is negotiating with banks to secure funds for the acquisition.

But it has yet to gain a loan commitment, according to sources familiar with the matter.