News
POWER UTILITY | Staff Reporter, China
view(s)

Japan allegedly in talks with US to prevent China acquiring Westinghouse

Westinghouse's nuclear business is likely to be sold.

Reuters reported that the Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp's U.S. unit Westinghouse Electric Co does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, a U.S. official said on Thursday.

Westinghouse filed for bankruptcy last month hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.

The bankruptcy is likely to lead to the eventual sale of Westinghouse's nuclear business and Chinese interests have been seen as possible buyers, given the chance.

View the full report from Reuters here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.