Foxconn, Amazon, Apple join Toshiba chip plant feeding frenzy

Meanwhile, Tosh shoves WDC's stake back, mutters 'keep it'

By Gareth Corfield

Posted in Storage, 5th June 2017 11:28 GMT

Apple, Amazon and Foxconn are preparing to "chip in" for ailing Toshiba's NAND flash memory chip-making division, according to reports.

Foxconn chairman Terry Gou told Japan's Nikkei Business Daily newspaper that the two American firms would be lending "financial support" to the Chinese manufacturer's bid for the foundry – but stopped short of saying just how many shekels they are prepared to stump up.

"I cannot comment on how much funds each company is putting on the table," Gou said yesterday.

The Foxconn-Apple-Amazon alliance will be up against Western Digital Corporation (WDC) and its allies, in particular the Innovation Corporation Network of Japan (ICNJ) and US private equity biz KKR, though ICNJ's hookup with KKR is reportedly not a done deal.

Broadcom is also putting in a bid, thanks to financing from VC firm Silver Lake and no fewer than three Japanese banks.

Bain Capital may bid as well, along with South Korean semiconductor suppliers SK Hynix, for a 51 per cent stake in the foundry.

Meanwhile, as the rest of the world's technology giants squabble over its not-quite-dead body, Toshiba has returned WDC's share of the joint venture – a move it hopes will enable it to flog off the division without having to give WDC preferential treatment. ®

Sign up to our NewsletterGet IT in your inbox daily


More from The Register

Apple leak: If you leak from Apple, we'll have you arrested, says Apple

Doing China's bidding seems to have rubbed off on Cupertino

Apple to devs: Give us notch support or … you don't wanna know

App updates must use iOS 11 SDK and support iPhone X from July 2018 onwards

Telegram crypto-chat chap says Apple has 'restricted' its app updates worldwide

Noooooo, my stickers!

Telegram users get their stickers back as Apple passes update

Crypto chat Cooks an update

Russia to Apple: Kill Telegram crypto-chat – or the App Store gets it

We know you’re busy, Mr Cook, but please reply before we become … unpleasant

Apple unleashes FoundationDB as an open source project

Secretive company talks up the need for open community

Apple's QWERTY gets dirty leaving fanbois shirty

MacBook owners demand recall over cruddy keyboard

Apple takes $9m kick down under after bricking iPhones

Victory for the right to repair crowd, but a flea bite for Apple

Apple store besieged by protesters in Paris 'die-in' over tax avoidance

Furious Francs flay fruit-phone flinger for financial finagling in false fatality fracas

Apple's new 'spaceship' HQ brings the pane for unobservant workers

911 transcripts tell of staff lying on ground, heads bleeding