Western Digital seeks $464 mn from Apple to help finance Toshiba chip bid

Toshiba's key chip plant is leading a $17- $18 billion bid for the chip business, sources said

Reuters  |  Tokyo 

Western Digital seeks $464 mn from Apple to help finance Toshiba chip bid

A group including is seeking around 50 billion yen ($464 million) from to help a bid for Corp's memory chip unit, Kyodo agency reported on Friday.

Western Digital, which jointly invests in Toshiba's key chip plant, is leading a $17- $18 billion bid for the chip business, sources have said. The sources said earlier in the week that the US firm offered to step back from the consortium's financing in return for a stronger position in their joint venture.

A spokeswoman said it could not comment on details of the talks.

First Published: Fri, September 08 2017. 16:23 IST