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

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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18 Comments

1. Hallyu

Posts: 790; Member since: Jul 21, 2015

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

2. Tabby_Tiger

Posts: 305; Member since: Jan 23, 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.

3. mixedfish

Posts: 1560; Member since: Nov 17, 2013

It's got nothing to do with that. His mother just didn't love him enough. Don't blame her, who would.

4. Hallyu

Posts: 790; Member since: Jul 21, 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?

6. mixedfish

Posts: 1560; Member since: Nov 17, 2013

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

9. Subie

Posts: 2383; Member since: Aug 01, 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/

17. uzimafioso

Posts: 469; Member since: Jul 15, 2014

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

5. Settings

Posts: 2943; Member since: Jul 02, 2014

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

8. ARPAKTIKO

Posts: 63; Member since: Oct 11, 2016

Best comment ever. Well done!!

10. Tabby_Tiger

Posts: 305; Member since: Jan 23, 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.

15. arming

Posts: 65; Member since: Jul 23, 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 .

7. Tech_fan

Posts: 94; Member since: Mar 28, 2017

SAD news for toshiba.mmm

11. marorun

Posts: 5029; Member since: Mar 30, 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.

12. kiko007

Posts: 7500; Member since: Feb 17, 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.

13. mikehunta727 unregistered

he reads Breitbart/infowars..

14. kiko007

Posts: 7500; Member since: Feb 17, 2016

That explains a lot...

16. RAV4CAD

Posts: 96; Member since: May 03, 2016

Poor Toshiba....

18. trojan_horse

Posts: 5868; Member since: May 06, 2016

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

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