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.

 

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