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is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (LMPFA) and subadvised by ClearBridge Investments, LLC (ClearBridge). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc. (Legg Mason). This financial data is unaudited. The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commissions website at www.sec.gov . To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102. For more information about the Fund, please call 1-888-777-0102 or consult the Funds website at www.lmcef.com . Hard copies of the Funds complete audited financial statements are available free of charge upon request. Data and commentary provided in this press release are for informational purposes only.
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SK Hynix and Bain Capital declined to comment and Toshiba said it could not comment on specifics of the sale process. U.S. chip group Micron Technology was not immediately available for comment. Toshiba's chip rivals would benefit from the Japanese firm's technological know-how in high-end NAND products and a boost in chip supply, analysts said. Toshiba is the world's second-largest maker of flash memory. Interest in the stake is heating up with sources telling Reuters that bids had also come from investment funds, California-based data storage company Western Digital Corp and Micron Technology, amid a surge in memory chip prices. The world's biggest maker of flash memory, Samsung Electronics Co Ltd, was not among the bidders, the sources said. ธุรกิจขายตรง jeunesse As smartphones and data servers demand ever more processing firepower, chip suppliers are struggling to keep pace with demand. Nomura estimates global memory sales will grow 56.7 percent this year to a record $116 billion, and the NAND segment to expand 51.2 percent to $51 billion. Toshiba aims to raise more than 200 billion yen ($1.7 billion) from the less-than 20 percent stake in its memory business, sources have said. ANTI-TRUST CONCERN Selling the stake to an investment fund could speed up the process by eliminating anti-trust concerns surrounding other chipmakers, particularly Western Digital which is both a rival of Toshiba's and a business partner.
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