Follow my blog with Bloglovin
Monday , 25 September 2017
Breaking News

Apple,Dell joins Foxconn to bid for Toshiba chip business

 

Smartphone hardware maker Foxconn announced yesterday that Apple and Dell has joined them to form a consortium in bidding for Toshiba’s chip business. With Amazon expected to join the consortium, Terry Gou, Foxconn’s founder and chief executive, said U.S.-based Kingston Technology Co is also in the fray.

Toshiba which is the world’s second largest producer of  NAND chips is looking at selling it’s chip making unit for USD18 billion which has prompted Foxconn to reach out to Microsoft, Google and Cisco to join them. 

“I can tell you Apple is in for sure,” Gou said

However all may not go well with the sale since Toshiba would be blocking any deal which involves Chinese capital and transfer of technology outside the country. 

Foxconn, formally known as Hon Hai Precision Industry Co, and its Japanese unit Sharp Corp would have a combined stake of not more than 40 percent and is believed that Japanese investment giant Softbank is also in the consortium.

On the other hand, Western Digital Corp, the U.S. based chip maker is trying to sweeten its offer to take over the debt laden Toshiba’s chip making unit.

Comments are closed.

Scroll To Top
badge