Toshiba chip unit might count on Apple’s multi-billion dollar investment

Toshiba chip unit might count on Apple’s multi-billion dollar investment

Apple Inc is actually considering investing at least several billion evergreen bucks in the chip business put up for sale by Japanese Toshiba Corporation. That’s what public broadcaster NHK informed, citing several unidentified sources.

Apple is on the verge of taking a stake of more than 20% the Japanese high-tech giant’s chip business, simultaneously persuading Toshiba to maintain a partial stake for the purpose of keeping the business under American as well as Japanese control to allay the Japanese government's worries, the report said.

Apart from that, Apple is considering a plan, which suggests that Taiwan's Foxconn would also grasp a stake of approximately 30% in its bid. It has been already confirmed by Apple officials.

Toshiba is currently in the process of selling its memory chip unit in order to spur cash just to cover writedowns at American nuclear unit Westinghouse, which have plunged it into crisis.



German ZEW economic sentiment tacks on in January

In January, German economic sentiment inched up more than anticipated, while the current conditions index reached a record maximum, driving optimism over the strength of the EU’s number one economy, as industry data reported on Tuesday…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera