In the wake of Westinghouse bankruptcy announcement, Toshiba is seeking a buyer for Westinghouse assets. However, the United States government have expressed their concerns regarding a possible purchase of Westinghouse assets by a Chinese buyer.
In the past, Chinese companies have been interested in Westinghouse and the company has been a repeated espionage target. The US authorities could invoke national security and block a Chinese buyer or encourage an alternative. The Japanese government also pointed out to Toshiba executives it would not let a Chinese buyer purchase the Westinghouse business.
In any case, a Chinese bid would require several approvals and in particular from the Committee on Foreign Investment in the United States.
In March 2017, the Japanese Group Toshiba Corp. Board has announced it has approved a bankruptcy protection file submission for Westinghouse within the frame of the Chapter 11 of the U.S. bankruptcy code.
Westinghouse is in charge of all AP1000 nuclear projects worldwide, including four in the United States (two units at VC Summer in South Carolina and two at Vogtle, in Georgia), and four in China (two at Sanmen and two at Haiyang).
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