Apple, Google, Amazon and others are interested in buying Toshiba's memory chip business
Toshiba has reportedly finished the first round of bidding. One of the companies rumored to be interested is Taiwan's Hon Hai, which bid more than $18 billion for the division according to Japan's Yomiuri Shimbun newspaper. Also known as Foxconn, Hon Hai is the manufacturer that assembles a majority of Apple iPhone units as well as other big name mobile devices. Last year, Hon Hai purchased Japanese display manufacturer Sharp for $3.8 billion.
Toshiba shareholders on Thursday agreed to allow the company to spin off its NAND flash memory business, paving the way for a sale of the memory chip division. Besides Apple, Google and Amazon, other companies said to be bidding on the Toshiba division include Western Digital Corporation (which already runs a Japanese based chip plant with Toshiba), Micron Technology, and SK Hynix Inc. According to reports in the Japanese media, Google and Amazon are interested in using the memory chips for their cloud services.
Toshiba plans on meeting with individual bidders this month.
source: AFB, Reuters