Apple, Google, Amazon and others are interested in buying Toshiba's memory chip business

Apple, Google, Amazon and others are interested in buying Toshiba's memory chip business
A group of top tech companies like Apple, Google and Amazon are interested in purchasing Toshiba's memory chip business. The company that succeeds in buying the division will be obtaining the second largest provider of memory chips for smartphones and computers behind Samsung. The business accounted for 25% of Toshiba's $50.9 billion USD in revenue during its last fiscal year. The company is still bleeding red ink, and could report a $9 billion loss this year thanks to issues that have nothing to do with the memory chip business. But selling it to the highest bidder could bring in some much needed cash for Toshiba.

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

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14 Comments

1. Arch_Fiend

Posts: 3944; Member since: Oct 03, 2015

Apple will win it if they really want it.

32. tangbunna

Posts: 457; Member since: Sep 29, 2016

April Fool

6. omnitech

Posts: 1131; Member since: Sep 28, 2016

If Google wins it, they should jack up the prices along with Samsung so it eats into Apples ridiculous profit margins.

8. kiko007

Posts: 7490; Member since: Feb 17, 2016

"If Google wins it, they should jack up the prices along with Samsung so it eats into Apples ridiculous profit margins." .....You have no idea what you're talking about, do you?

14. Leo_MC

Posts: 6623; Member since: Dec 02, 2011

All they see is Apple making a s**tload of money, they don't understand that Apple is making a s**tload of money FOR EVERYONE, Google, Samsung, Microsoft included.

16. omnitech

Posts: 1131; Member since: Sep 28, 2016

Um, like I said many times before, just because you don't like what I have to say doesn't mean that I am an idiot like you are.

19. kiko007

Posts: 7490; Member since: Feb 17, 2016

"Um, like I said many times before, just because you don't like what I have to say doesn't mean that I am an idiot like you are." I asked you a question: Do you, or do you not, know what you're talking about? You can't just buy an organization and "Jack up the prices", that's just awful business acumen. Not to mention either of those companies jacking up prices on said chips would only push companies to alternatives lol. They teach this crap in middle school for Godsakes...

21. omnitech

Posts: 1131; Member since: Sep 28, 2016

Of course I know what I am talking about. They don't really have any alternatives because like it said in the article Samsung and Toshiba are number 1 and 2. Besides, they can jack up the prices just fine without any consequences. Your lover Apple is the master at that. They just keep raising the prices every year and sheep like you defend them every year.... So yeah. Lol like I said, I am not an idiot like you and I have a degree in marketing and economics actually.

22. ph00ny

Posts: 1993; Member since: May 26, 2011

That will trigger instant anti-trust investigation for memory price fixing from DOJ

9. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Don't let Apple buy it. Then it will only go in As pole products. At least Google would sell to other oems

10. RajRicardo

Posts: 483; Member since: Feb 28, 2014

WTF? SO basically they are selling their most profitable business and hanging on to the ones that screwed them? Who TF are making those decisions? I think it should be the other way around. :/

31. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

If it was profitable, they wouldn't be selling it.

11. poojarathod

Posts: 39; Member since: Mar 06, 2017

All Apple, Google, Amazon three companies are leader in tech market and it is exciting things who will win this deal:)

28. meanestgenius

Posts: 21453; Member since: May 28, 2014

Between Amazon, Apple, Google and Foxconn (Hon Hai), they all have the means to purchase Toshiba's memory chip business. Anyone that believes otherwise is fooling themselves. It's going to come to which of those companies is willing to part with the most assets to do so. This is going to be interesting, provided Toshiba has no personal biases in making its decision.

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