Foxconn says Apple, Amazon to join the bid for Toshiba chip business: Nikkei


TOKYO Apple Inc (AAPL.O) and Inc (AMZN.O) will join Foxconn’s (2317.TW) bid for Toshiba Corp’s (6502.T) semiconductor business, a Nikkei business daily quoted Foxconn Chairman Terry Gou as observant on Monday.

The dual U.S. record giants devise to “chip in funds”, Gou said, according a talk with a newspaper. It was not immediately transparent if this would take a form of a approach investment in a semiconductor section or would be financing for a deal.

Taiwan’s Foxconn, rigourously famous as Hon Hai Precision Industry Co Ltd, has also partnered with a Japanese section Sharp Corp (6753.T) in a bid.

Representatives for Apple and Amazon were not immediately accessible for comment.

Toshiba is depending on a sale of a unit, a world’s second-largest NAND chip maker, to cover billions of dollars in cost overruns during a now broke U.S. chief section Westinghouse.

Foxconn is not seen as a frontrunner in a sale of a unit, that Toshiba has valued during during slightest $18 billion, due to a low ties with China. The Japanese supervision has pronounced it will retard any understanding that would risk a send of pivotal chip record out of a country.

(Reporting by Makiko Yamazaki in Tokyo and JR Wu in Taipei; Editing by Edwina Gibbs)


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