Apple considering multi-billion dollar investment in Toshiba chip unit - NHK

Reuters  |  TOKYO 

TOKYO (Reuters) - Inc is considering investing at least several billion dollars in the chip business put up for sale by Corp, public broadcaster NHK reported, citing an unidentified source.

wants to take a stake of more than 20 percent in Toshiba's chip business, while convincing to maintain a partial stake to keep the business under U.S. and Japanese control to allay the Japanese government's concerns, the report said.

is considering a plan in which Taiwan's Foxconn would also own a stake of around 30 percent in its bid, it added.

is now in the process of selling its memory chip unit to raise cash to cover writedowns at U.S. nuclear unit Westinghouse that have plunged it into crisis.

(Reporting by Junko Fujita, Tim Kelly and Chang-Ran Kim; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Apple considering multi-billion dollar investment in Toshiba chip unit - NHK

TOKYO (Reuters) - Apple Inc is considering investing at least several billion dollars in the chip business put up for sale by Toshiba Corp, public broadcaster NHK reported, citing an unidentified source.

TOKYO (Reuters) - Inc is considering investing at least several billion dollars in the chip business put up for sale by Corp, public broadcaster NHK reported, citing an unidentified source.

wants to take a stake of more than 20 percent in Toshiba's chip business, while convincing to maintain a partial stake to keep the business under U.S. and Japanese control to allay the Japanese government's concerns, the report said.

is considering a plan in which Taiwan's Foxconn would also own a stake of around 30 percent in its bid, it added.

is now in the process of selling its memory chip unit to raise cash to cover writedowns at U.S. nuclear unit Westinghouse that have plunged it into crisis.

(Reporting by Junko Fujita, Tim Kelly and Chang-Ran Kim; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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