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Japan: Apple considers joining Foxconn in Toshiba acquisition

 |  April 16, 2017

Apple is considering investing at least several billion dollars to take a stake of more than 20 per cent in a plan that would have Toshiba maintain a partial stake to keep the business under US and Japanese control, NHK reported, citing an unidentified source.

The proposal would be a joint investment with Taiwanese Foxconn and is aimed at allaying the Japanese government’s concerns over any transfer of sensitive technology to investors it deems a risk to national security, NHK said.

Toshiba has narrowed down the field of bidders for its chip unit to four suitors, sources have said, which are: US chip maker Broadcom, which has partnered with private equity firm Silver Lake Partners LP; South Korean chip maker SK Hynix; Foxconn, the world’s largest contract electronics maker, and Western Digital.

Full Content: Independent

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