Apple, Amazon to join bid for Toshiba’s chip unit
Print Edition
APPLE Inc and Amazon.com Inc will join Foxconn’s bid for Toshiba Corp’s semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying yesterday.
The two US technology giants plan to “chip in funds,” Gou said in an interview, according to the newspaper. It was not immediately clear if this would take the form of a direct investment in the semiconductor unit or would be financing for the deal.
Taiwan’s Foxconn, formally known as Hon Hai Precision Industry Co Ltd, has also partnered with its Japanese unit Sharp Corp in its bid.
“Foxconn can confirm that we have submitted a bid for Toshiba’s chip business with a number of strategic partners,” the Taiwanese firm said in a statement. It said it would discuss details “at the appropriate time.”
Apple and Amazon declined to comment.
Toshiba is depending on the sale of the unit, the world’s second-largest NAND chip maker, to cover cost overruns at its bankrupt US nuclear unit Westinghouse.
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