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1-min read

Apple, Dell part of Foxconn's bid for Toshiba chip business

Foxconn, formally known as Hon Hai Precision Industry Co, and its Japanese unit Sharp Corp would have a combined stake of not more than 40 percent.

Reuters

Updated:June 12, 2017, 8:04 PM IST
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Apple, Dell part of Foxconn's bid for Toshiba chip business
The company also plans to increase the development and deployment of robots in the manufacturing process, from 60,000 robots now to 200,000 robots in the next few years. (Representative Image: Image: REUTERS)
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Apple Inc, computing giant Dell Inc and Kingston Technology Co are members of a Foxconn-led consortium bidding for Toshiba Corp's chip unit, the CEO of the world's largest electronics manufacturer told Reuters on Monday.

Terry Gou, Foxconn's founder and chief executive, also said Amazon.com Inc was close to joining and that the Taiwanese firm was also in discussions with Google, Microsoft Corp and Cisco Systems Inc about their participation in the bid.

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He declined to comment on the total size of the offer or say how much Apple and other U.S. firms planned to invest in the bid.

"I can tell you Apple is in for sure," Gou said in an interview, adding that its participation had been approved by the Chief Executive Tim Cook and Apple's board of directors.

Foxconn, formally known as Hon Hai Precision Industry Co, and its Japanese unit Sharp Corp would have a combined stake of not more than 40 percent, he added.

Representatives for Apple and the other U.S. firms named by Gou could not be immediately reached for comment outside of regular business hours. Sharp declined to comment.

Also read: Top 5 Android Smartphones Under Rs 15,000: Moto, Xiaomi, Honor & More

| Edited by: Sarthak Dogra
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