Apple and Foxconn may buy a stake in Toshiba's chip business

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo

According to a report today by NHK, Japan's public broadcasting organization, Apple is considering becoming one of those investors, and the iPhone maker is reportedly seeking a more than 20 percent stake in Toshiba's memory segment.

Given concerns from Japanese government officials about Toshiba selling "critical technologies" to overseas buyers, Apple would reportedly have Toshiba keep some shares so that the company retains partial Japanese ownership. The bulk of Apple's iPhones are made at Foxconn's extensive manufacturing base there.

Toshiba is the world's second biggest flash memory chipmaker but has put its chips business up for sale to make up for a write down of $6.5bn in its United States nuclear equipment operations. Foxconn, formally known as Hon Hai Precision Industry, declined to comment.

An investment with Foxconn would mark Apple's first direct stake in a significant memory chip company, Reuters said, and would help solidify a key element of the supply chain that has become a hallmark for the iPhone vendor. Toshiba is the world's second-biggest memory chip maker and this business in on sale by the company. It is also demanding exclusive negotiating rights. Those costs have plunged the Japanese conglomerate into crisis, prompting it even to warn that it may not be able to continue as a going concern.

Kashmir re-polling ends peacefully, low turnout recorded
Shantmanu said 709 out of 35,169 voters participated in the electoral process, which amounts to a poll percentage of 2.02%. The NC has sought certain safeguards to uphold the integrity of the democratic process, a party spokesman said here.

Toshiba has found itself in a tough spot financially recently, with the company recently admitting that its future is very much in doubt following its most recent financial report.

Western Digital's objection has yet to be resolved, but Toshiba has denied a claim by Bloomberg that the sale had been put on hold.

Toshiba needs to raise money from the semiconductor sale to plug the hole in its balance sheet, but the bidding process so far has been rocky. Foxconn would obviously also get a stake, while Toshiba would still maintain a small part of the business.

Make it your business.

Recommended News

  • Stronger defence key to Palace revival - Allardyce

    Stronger defence key to Palace revival - Allardyce

    The Palace for Life Foundation has launched with a mission to transform the lives of young south Londoners through sport, encouraging them to be more active, helping them become employable and intervening to help the most disadvantaged.

    Five Things to consider about the Liberal government's plan to legalize pot

    The law was tabled on Thursday, and would allow adults over 18 to possess up to 30g of dried marijuana. The provinces will also decide how the drug will be distributed and sold.
    UK House Price Balance 22% In March - RICS

    UK House Price Balance 22% In March - RICS

    Surveyors' perceptions about current house price growth in central London have deteriorated to the weakest levels seen since 2009, Rics said.
  • Iranian President Hassan Rouhani registers to run for second term

    Last year, the country's supreme leader, Ayatollah Ali Khamenei, recommended to Ahmadinejad that he not join the field. However, Ahmadinejad said Wednesday that the Supreme Leader never barred him from rerunning for the presidency.
    European Union  draft guidelines soften line on future United Kingdom  relationship

    European Union draft guidelines soften line on future United Kingdom relationship

    Populist voices in Britain have urged the Conservative government not to pay a penny. Tory euroscpetics added that they were encouraged he had shown a hint of compromise.
    At least 4 people shot at Atlanta transit station

    At least 4 people shot at Atlanta transit station

    Metropolitan Atlanta Rapid Transit Authority (MARTA) police said the suspected gunman boarded a Blue Line train at the H.E. The shooter got on the train just like anyone else, he said: "He was wearing headphones and just bobbing his head".
  • José Mourinho blames Manchester United's forwards for Anderlecht draw

    José Mourinho blames Manchester United's forwards for Anderlecht draw

    We were solid defensively, but that's not just about the defenders. "They did defensively what we asked them to do". United led 1-0 in Belgium until the 86th minute when the hosts equaliser with their first effort on target.

    Democrats seek to resolve health payments on spending bill

    Instead, they'd be required by law to keep offering them ― and to account for the extra expense by raising premiums for everyone. Only one company is offering marketplace health plans this year in Alaska, Alabama, Oklahoma, South Carolina and Wyoming.

    LeBron James, Kyrie Irving ruled out for Cleveland

    Their starting center, Tristan Thompson , is now sidelined with a sprained right thumb, but he should return to the lineup soon. He played great defense and brought an ability to space the floor, which helped Cleveland win the title. "It's over", Lue said.
  • US governor brought down by humiliating sex scandal

    Mason's role was highlighted in a 131-page report released Friday by the investigator leading impeachment efforts against Gov. He pledged he would not take a paycheck until Alabama reached full employment, or an overall unemployment rate of 5 percent.
    Egypt's Christians bury dead after IS church bombings

    Egypt's Christians bury dead after IS church bombings

    The Mir Mena Monastery cemetery is also the burial site of the victims of the Two Saints Church bombing in Alexandria in 2011. A limited state of emergency and nightly curfew in the northern Sinai since 2014 has done little to stem violence there.
    Mesut Ozil: Champions League Spot More Important Than My Future At Arsenal

    Mesut Ozil: Champions League Spot More Important Than My Future At Arsenal

    The continuity that Overmars would bring during a time that would initiate great change and uncertainty would be vital. Is Arsene Wenger really just ignoring the fans protests? Their anger can no longer be contained.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.