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Apple and Foxconn bidding together for Toshiba's memory chip business?

Posted: , by Alan F.

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Apple and Foxconn bidding together for Toshiba's memory chip business?
Back on April Fool's Day, we told you about a number of tech firms that were interested in buying Toshiba's memory chip business. Two of the companies interested in the business are said to be joining up in order to increase the size of their bankroll. And these two tech firms happen to know each other very well. We are talking about Apple and Foxconn. The former needs no introduction, while the latter is the company that assembles devices like the Apple iPhone and Apple iPad.

Foxconn by itself reportedly made an opening round bid of $18 billion for the business, which is the second largest flash memory operation on the planet topped only by Samsung. With the Japanese government concerned about what it sees as the transfer of sensitive technology to companies and investors deemed a national threat, the new plan calls for Toshiba to keep a small ownership stake in the business to allay these fears.

Apple would invest several billion dollars and take ownership of more than 20% of the business. This would help keep Toshiba's memory chip business in favorable U.S. and Japanese hands according to public broadcaster NHK. The latter picked up its information from an anonymous source. Previously, sources leaked the name of four companies said to be still standing in the bidding process. Those bidders include a team made up of chipmaker Broadcom and private equity firm Silver Lake Partners LP. The remaining players include South Korea chip producer SK Hynix, Foxconn and Western Digital. Those four were whittled down from a list that included Apple, Google, Amazon and others.

Another problem looms for bidders. Western Digital, Toshiba's partner in the memory chip business, claims that by selling the division, Toshiba will violate a joint venture contract they both signed. As a result, Western Digital demands exclusive negotiating rights for the memory chip business.

source: Reuters

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posted on 14 Apr 2017, 03:11

1. Hallyu (Posts: 614; Member since: 21 Jul 2015)


Bye bye Toshiba. Can you come and take Sony too?

posted on 14 Apr 2017, 04:49 2

2. Tabby_Tiger (Posts: 204; Member since: 23 Jan 2017)


We all know Japan did a lot of crap in WW2 to Korea and they haven't really paid there dues to their victims. But I wouldn't want Sony to fall because of that, I'm sure you use to love the Walkman too.

posted on 14 Apr 2017, 05:31 3

3. mixedfish (Posts: 1297; Member since: 17 Nov 2013)


It's got nothing to do with that.

His mother just didn't love him enough. Don't blame her, who would.

posted on 14 Apr 2017, 05:34 2

4. Hallyu (Posts: 614; Member since: 21 Jul 2015)


Japanese are always in denial. The fact that they stand firm refusing to give official apologize, keep visiting the warcrime Yasukuni Shrine , misinterpreting their history in school, and still claiming Dokdo island are the reason why we could not forgive them. They act like they are the victim of discrimination from us, but in reality they are the one who don't want to accept factual history and peace in the region. Look at Germany, who commited war crime too, but why did they get forgiven?

posted on 14 Apr 2017, 06:23 5

5. Settings (Posts: 2154; Member since: 02 Jul 2014)


A person cannot step forward when he or she is bound to it's past.

posted on 14 Apr 2017, 06:24 2

6. mixedfish (Posts: 1297; Member since: 17 Nov 2013)


Why don't you ask your president and Mr Lee why Korea is run by so many thugs and religious nut cases.

posted on 14 Apr 2017, 07:49 1

8. ARPAKTIKO (Posts: 25; Member since: 11 Oct 2016)


Best comment ever. Well done!!

posted on 14 Apr 2017, 08:34 1

9. Subie (Posts: 1271; Member since: 01 Aug 2015)


Keeping you're head in the sand I see. Hallyu, You're so full of hate that you wouldn't accept an apology if Emperor Shōwa rose from the grave and personally apologized to your face.

https://www.theatlantic.com/international/archive/2015/12/japan-korea-comfort-women/422016/

posted on 14 Apr 2017, 08:40

10. Tabby_Tiger (Posts: 204; Member since: 23 Jan 2017)


The Koreans have moved forward, but now and then some nutty Japanese politician will deliberately open old wounds.

In this case, the Japanese will resent a Chinese and US company taking over a part of Toshiba. Expect more steps backward from both sides.

posted on 14 Apr 2017, 14:34 1

15. arming (Posts: 56; Member since: 23 Jul 2016)


the situation is not that simple , let me give you an example . suppose someone kill or rape your grandma in the past and you did move on but after many years the grandson of killer/rapper claim those past are exaggerated and paid homage to their ancestor infront of your face , i dont mean to be rude but the situation is like that generally speaking .

posted on 15 Apr 2017, 01:33

17. uzimafioso (Posts: 416; Member since: 15 Jul 2014)


Huh. This is utter crap. I'm not Japanese but shall we talk about the atom bombs?

posted on 14 Apr 2017, 06:39

7. Tech_fan (Posts: 83; Member since: 28 Mar 2017)


SAD news for toshiba.mmm

posted on 14 Apr 2017, 09:01

11. marorun (Posts: 4870; Member since: 30 Mar 2015)


Basically apple want to stop buying part and wana manufacture it themself.

When you cannot sell more anymore and start loosing sells any trick is welcome to increase margin.

posted on 14 Apr 2017, 09:06 2

12. kiko007 (Posts: 4765; Member since: 17 Feb 2016)


How many times are you gonna repeat that falsehood: they just had a record breaking quarter. Projections say they are gonna break THAT record come next January. It's time to stop living in denial.

Then again... you nickname is Mr.MyLGcanpreventclimatechange, so you probably aren't Kern on doing your research.

posted on 14 Apr 2017, 10:53 1

13. mikehunta727 (Posts: 981; Member since: 12 Sep 2014)


he reads Breitbart/infowars..

posted on 14 Apr 2017, 11:13

14. kiko007 (Posts: 4765; Member since: 17 Feb 2016)


That explains a lot...

posted on 14 Apr 2017, 23:27

16. RAV4CAD (Posts: 86; Member since: 03 May 2016)


Poor Toshiba....

posted on 15 Apr 2017, 14:47

18. trojan_horse (Posts: 3644; Member since: 06 May 2016)


Toshiba falling like a slain soldier in battle. Just sell yourself to Foxconn already.

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