Apple, Amazon to Join Foxconn's Toshiba Bid

Dylan McGrath, EETimes
6/5/2017 09:01 PM EDT

SAN FRANCISCO—Apple and Amazon will pony up to pay a portion of contract manufacturer Foxconn's bid to acquire Toshiba's semiconductor business as the consumer electronics powerhouses move to secure a steady supply of NAND flash memory, Foxconn's cheif executive told the Nikkei news service.

Apple and Amazon's names have surfaced before in connection with a possible bid to buy the chip unit, which Toshiba is selling to help offset massive losses incurred by its nuclear power business in the U.S. In March, Japan's Yomiuri Shimbun reported that Apple, Google and Amazon all three their hats in the ring as potential suitors.

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