Home > Hardware > Components > Foxconn Ponders Toshiba Buyout

Foxconn Ponders Toshiba Buyout

Taiwan’s Foxconn, the world’s largest contract electronics maker, has approached South Korean chip maker SK Hynix to explore a joint bid for Toshiba’s memory chip unit, the Nikkei new service reported.

Toshiba, the second-biggest NAND chip producer after South Korea’s Samsung Electronics, is considering selling the majority – or all – of its marquee flash-memory chip business, as it seeks to make up for a $6.3 billion writedown from its US nuclear unit Westinghouse.

Foxconn said last week it is “definitely bidding” for Toshiba’s chip business and that it is “very confident” it can buy into it. Watch this space …

You may also like
Belkin Debut Made For iPhone Lightning Power Bank
Foxconn Chief Denies Job Cuts
EXCLUSIVE: Powermove Boss Hits Out At Industry Speculation
EXCLUSIVE: More Executives Quit Powermove, Brands Set To Be Next
Apple Halts iPhone XR Supply Over Weak Demand