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Home » Business » Apple, Amazon, Google bidding for Toshiba chip unit: Report

Apple, Amazon, Google bidding for Toshiba chip unit: Report

By Newsd
Updated on :
Source: financialexpress

Top firms like Apple Inc, Amazon.com Inc and Google are taking part in bidding for Toshiba’s NAND flash memory unit, competing with others for the Japanese firm’s prized semiconductor operation, the Yomiuri Shimbun daily reported on Saturday.

Toshiba shareholders decided to split off its NAND flash memory business. The decision will pave the way for an auction to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate’s future.

However, bidding prices from Apple, Amazon or Google, possessed by Alphabet Inc, were not known.

As per a report in Nikkei business daily, the US private equity firm Silver Lake Partners and U.S. chipmaker Broadcom Ltd have offered Toshiba around 2 trillion yen ($18 billion) for the unit.

Significantly, about 10 potential bidders are of a mind to buy a stake in the microchip operation, a source with information of the planned sale told Reuters earlier.

Suitors include Western Digital Corp that operates a chip plant with Toshiba in Japan, Micron Technology Inc , South Korean chipmaker SK Hynix Inc and financial investors.