Foxconn to jointly bid with SK Hynix FOR Toshiba’s memory unit

Japanese business daily Nikkei has reported of such a move by Foxconn.

The world’s biggest contract manufacturer, Foxconn reportedly approached South Korean chip manufacturer SK Hynix Inc to explore a joint bid for Toshiba Corp’s memory chip unit, reported the Japanese business daily, Nikkei citing anonymous sources.

Toshiba is the world’s second largest NAND chip manufacturer after Samsung Electronics Co Ltd. The company is considering selling some or all of its majority stake in its memory business in its bid to balance the writedown of its $6.3 billion U.S. nuclear unit Westinghouse.

Last week Foxconn, also known as Hon Hai Precision Industry Co Ltd, had stated that it was “definitely bidding” for Toshiba’s chip business and that it was “very confident” it could buy into it.

However, an executive from the SK Group, SK Hynix’s parent, hinted that Foxconn had approach it, reported the Nikkei.

SK Hynix, Toshiba nor Foxconn immediately responded to requests for comment.

Categories: Creativity, Entrepreneurship, Strategy

Tags: , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: