Foxconn chairman Terry Gou has confirmed that Apple would be supporting the company’s bid to acquire Toshiba’s chip-making business. Interestingly, Amazon is also said to be contributing to the bid.
We first learned back in March that Foxconn was planning a bid to acquire Toshiba’s semiconductor business, which mostly makes flash storage chips. The following month, it was said to have increased its bid to $27B in an attempt to defeat rival bids, and it was later suggested that Apple would be seeking its own direct stake in the business …
more…
