Foxconn confirms Apple and Dell joining Toshiba chips deal

Jun

13

2017

Foxconn Corp., the world’s largest electronics maker, confirmed on Monday that Apple, Dell and Kingston, the manufacturers of memory products, are members of a group of companies led by Foxconn to bid for Toshiba’s chip unit .

The founder and director of electronics maker Terry Gou said Amazon was close to joining and that the Taiwanese company had also entered into discussions with both the parent company Google, Microsoft and Cisco Systems about their participation in the tender. He declined to say how Apple and other US companies plan to invest .

Terry Gou said in an interview that “I can tell you that Apple is in the bidding” and that its participation has been approved by Tim Cook, the company’s CEO and board of directors. The manager declined to give a figure about the total size of Foxconn’s offer. Other offers.

Toshiba is looking for buyers of the world’s second-largest NAND memory chip, valued at $ 18 billion or more, to cover the cost overruns of its multi-billion dollar Westinghouse company, and Foxconn is not seen as the most Luckily for the chips unit due to its deep relationship with China.

The Japanese government said it would block any deal that could threaten the transfer of chip technology overseas. The Taiwanese chief executive said the tender led by the company did not include Chinese financial firms and also reduced the potential of the Japanese government to try to get the chip manufacturing unit .

A source familiar with the matter said Foxconn’s share, officially known as Hon Hai and Sharp Sharp, would not exceed 40 percent, and that Japan’s Softbank was in the bidding for a NAND chip manufacturing unit.

Western Digital plans to increase its bid for the Toshiba semiconductor unit. The source said the chip maker is part of a consortium led by a fund backed by the Japanese government and that the group will make a new offer worth about $ 18 billion or more in an attempt To conclude an agreement with Toshiba.

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