Foxconn to offer up to USD 27 billion for Toshiba’s chip business: Sources

Express News Global

By Reuters | Published: tenth April 2017 08:57 PM

Terry Gou, author of Foxconn, which is formally known as Hon Hai Precision Industry Co Ltd, said in March the organization was "unquestionably offering" for Toshiba's chip business.
Terry Gou, author of Foxconn, which is formally known as Hon Hai Precision Industry Co Ltd, said in March the organization was “unquestionably offering” for Toshiba’s chip business.

TOKYO: Taiwan’s Foxconn has shown that it might pay as much as 3 trillion yen ($26.99 billion) for Toshiba Corp’s chip business, Bloomberg investigated Monday, refering to individuals acquainted with the matter.

South Korea’s SK Hynix Inc and chipmaker Broadcom Ltd have submitted preparatory offers for the business, esteemed at 2 trillion yen ($17.98) at least billion, as indicated by the report.

Toshiba, the second-greatest NAND chip maker after South Korea’s Samsung Electronics Co Ltd, is thinking about offering the lion’s share – or all – of its marquee streak memory chip business, as it looks to compensate for a $6.3 billion writedown from its U.S. atomic unit Westinghouse.

Toshiba and Japanese government authorities are wanting to search for offers drove by Japanese purchasers, however no offers have risen yet, the report said.

Terry Gou, author of Foxconn, which is formally known as Hon Hai Precision Industry Co Ltd, said in March the organization was “unquestionably offering” for Toshiba’s chip business.

Foxconn, which is the world’s biggest contract gadgets producer, Toshiba, SK Hynix and Broadcom were not quickly accessible for input.

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