In a move that's being seen as a significant peace offering to the Trump administration,... China has given the green light to the sale of a majority stake in Toshiba's huge microchip business to a group led by U.S. investment firm, Bain Capital.<br /> The approval had been on ice for months, but Toshiba said Thursday that the roughly 18 billion U.S. dollar acquisition is set to be completed on June 1st.<br />South Korean chip giant SK Hynix is helping fund the deal and could eventually take a stake in the Toshiba unit.<br /> The deal is expected to massively increase SK Hynix's global market share in NAND flash-memory chips, which store data in everything from smartphones to servers.<br />Clearance of the deal, which was first announced in September of last year, came less than two weeks before a deadline on the decision and as Chinese negotiators hold trade talks in the U.S. <br />
