Report Suggests Apple Considering Multi-Billion Dollar Investment In Toshiba Chip Unit



According to public broadcaster NHK, Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s semiconductor business. Apple is considering investing at least several billion dollars to take a stake of more than 20 percent in a plan that would have Toshiba maintain a partial stake to keep the business under U.S. and Japanese control. The report stated that the proposal is aimed at allaying the Japanese government’s concerns over any transfer of sensitive technology to investors it deems a risk to national security. The report comes as Western Digital Corp, Toshiba’s partner and one of the bidders of its chip business, warned this week that the Japanese firm is violating a joint venture contract in plans to sell to its chip unit, and urged that it be given exclusive negotiating rights. Read More: http://www.financialexpress.com/industry/apple-considering-multi-billion-dollar-investment-in-toshiba-chip-unit-says-report/627760/

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