Foxconn may also team up with Apple Inc for the bid, the report said, following a similar report by public broadcaster NHK earlier.
Toshiba plans to sell up to its entire stake in its memory operations as it struggles with losses from its nuclear power business in the United States. According to most recent reports Apple...
Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen (7.35 billion pounds), sources briefed about the matter said on Friday.
Toshiba is a leading manufacturer of the electronics world, and they are also a major supplier of Apple iPhone components. This business reported a profit of $934 million dollars on the sale of $5.8 billion dollars. But a preexisting Western Digital joint venture contract may give the American computer data storage giant first dibs, and significantly reduce the earnings potential of the prospective deal.
The memory chip business is one of the backbones of the company. They have a deal to give the US company exclusive negotiating rights to overtake any of Toshiba's business. One option being considered is an investment accompanied by Toshiba holding shares, so that a majority of the semiconductor unit will be held by US and Japanese interests, satisfying the respective governments, NHK said.
SK Group Chairman Chey Tae-won has expressed his confidence in acquiring Toshiba's chip unit, implying that the group's chipmaking unit would take a different approach when the real race begins.