Wednesday, February 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Battery Makers Struggle to Source Cobalt, Including Apple
Intel Releases Updated Firmware for 6th, 7th and 8th Generation Intel Core Processors, Intel Xeon Scalable Processors
Say Hello to Google Pay
"Fox Nation" Streaming Service To Debut in 4Q
Hatch Entertainment to Use Qualcomm Centriq 2400 Processors For Cloud Gaming Service
Qualcomm Sweetens Offer for NXP
KT, Qualcomm and Samsung Achieve Multi-vendor 5G NR Interoperability on Path to Mobile 5G NR Trials
Sony to Build Taxi-hailing System
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Foxconn...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 07, 2017
Foxconn, Apple, and SoftBank Pursue Acquisition of Toshiba Memory Unit


Foxconn Technology Group is interested in acquiring Toshiba's memory chips unit and has outlined its offer, supported by Apple, Softbank, Kingston Technology and Sharp.

Toshiba struggles to complete the sale and avoid having its shares delisted from the Tokyo Stock Exchange.

Foxconn has broad support for its offer from Apple, SoftBank Group Corp. and Sharp and is ready to proceed right away, Louis Woo, a spokesman for the company, told Bloomberg. Woo declined to name how much his company offers to Toshiba, but previous reports said Foxconn's consortium was bidding more than the two rival groups led by KKR & Co. and Bain Capital.

Woo said that the proposed ownership to make the case it is not a Chinese or even Taiwanese bid. Foxconn would hold 25 percent of the equity, Apple 20 percent, Kingston Technology Co. 20 percent, Sharp 15 percent, SoftBank 10 percent and Toshiba would keep 10 percent, he said.

Woo added that his consortium means would provide steady funds to Toshiba to advance their R&D. "At the same time, it's a guarantee there will be more customers lining up to buy their products when they increase their capacity or have better products," he added.

Toshiba is still negotiating with three groups in the auction of its most valuable business, after failing to secure a final deal with the preferred bidder it selected in June. The effort has been hampered by political opposition and litigation from partner Western Digital. Japanese government officials have opposed selling the chips unit to Foxconn because of its close ties to China.



Previous
Next
Intel Launches 5G Mobile Trial Platform        All News        IBM and MIT to Establish MIT-IBM Watson AI Lab
Youtube-mp3.org Site Shut Down     General Computing News      IBM and MIT to Establish MIT-IBM Watson AI Lab

Get RSS feed Easy Print E-Mail this Message

Related News
Foxconn to Focus On Display and 8K Camera Manufacturing
Foxconn to Invest $340m in AI venture
iPhone Assembler Hon Hai to Get OLEDs from Sharp
Toshiba Reveals Fresh Canvio Portable Hard Drive Models
Toshiba Officially Unveils Mainstream RC100 NVMe SSD Series
Struggling Toshiba Sells Westinghouse to Brookfield
Toshiba Introduces the Symbio Smart Home Solution With Alexa Support
Toshiba to Unveil New RC100 NVMe and Portable XS700 SSDs at CES 2018
Toshiba to Prepare New Semiconductor Fabrication Facility
Toshiba Introduces New AL15SE 10,500rpm Enterprise Performance HDD
Toshiba and Western Digital Reach Settlement, Agree to Strengthen Flash Memory Collaboration
Toshiba and Western Digital Close to Agreement Over Memory Chip Sale

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .