April 10 Taiwan's Foxconn has
indicated that it may pay as much as 3 trillion yen ($26.99
billion) for Toshiba Corp's chip business, Bloomberg
reported on Monday, citing people familiar with the matter.
South Korea's SK Hynix Inc and chipmaker
Broadcom Ltd have submitted preliminary bids for the
business, valued at 2 trillion yen ($17.98 billion) or more,
according to the report. (bloom.bg/2nSPHxE)
Toshiba, the second-biggest NAND chip producer after South
Korea's Samsung Electronics Co Ltd, 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 U.S. nuclear unit Westinghouse.
Toshiba and Japanese government officials are planning to
look for offers led by Japanese buyers, though no bids have
emerged yet, the report said.
Terry Gou, founder of Foxconn, which is formally known as
Hon Hai Precision Industry Co Ltd, said in March the company was
"definitely bidding" for Toshiba's chip business.
Foxconn, which is the world's largest contract electronics
maker, Toshiba, SK Hynix and Broadcom were not immediately
available for comment.
($1 = 111.1700 yen)
(Reporting by Anya George Tharakan in Bengaluru; Editing by