Three major Apple suppliers have submitted preliminary bids for Toshiba’s flash chip business
In the coming weeks, Toshiba will unveil a final decision concerning selling a majority stake in its lucrative memory business. Bloombergreportedthis morning that iPhone manufacturer Foxconn’s preliminary bid for Toshiba’s semiconductor unit is valued at a whopping $26.93 billion. According to Bloomberg’s sources, that amount is in part to force negotiations, using a bid that’s too high to ignore. Korean supplier SK Hynix, which along with Toshiba supplies NAND flash chips for the latest iPhone 7 devices, is mulling a joint $18 billion bid in co-operation with Japanese investors that could see it acquire no more than 20 percent of Toshiba’s memory unit....