Foxconn Partnering With Apple and Amazon In Renewed Attempt to Win Toshiba's Memory Chip Unit [Updated]

Discussion in 'Mac Blog Discussion' started by MacRumors, Jun 5, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    Apple and Amazon will join Foxconn in a bid to win Toshiba's NAND memory chip unit, which has been on sale since March and was previously said to finally conclude bidding sometime in June. Nikkei quoted Foxconn chairman Terry Gou as saying that Apple and Amazon will "chip in funds" to help Foxconn win the final bid (via Reuters).

    Gou left out the exact amount of the funding that Apple and Amazon would provide, and it was also mentioned that Japanese manufacturer Sharp, which Foxconn acquired last year, will also take place in the bidding. In an official statement, Foxconn referenced Apple and Amazon by calling the U.S. companies "strategic partners" in the bid for Toshiba's memory chip unit, while mentioning that more details would come "at the appropriate time."

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    The sale of Toshiba's chip unit has been riddled by a legal battle with Western Digital over the past few weeks, making it uncertain who -- if anyone -- would end up winning the bid for the unit. Following the announcement of the initial sale, Apple was reportedly looking into spending several billion dollars for a "substantial stake" in the Toshiba memory chip unit, as well as potentially partnering up with Foxconn in the bidding war.

    Foxconn has already been suggested as an unlikely winner of the unit due to its deep ties with China, with the Japanese government likely to oppose any winning bid that would take key Toshiba chip technology out of the country. Foxconn's previous bid of $27 billion was reportedly rejected by Toshiba, so now it appears that the manufacturer will beef up its offering for Toshiba's unit with the help of Apple, Amazon, and Sharp, although it's unclear if more money will be enough for the China-based company to win.

    According to Gou, if Foxconn would win Toshiba's chip unit it plans to keep the Japanese leadership in place, which it hopes is a way to appease the Japanese government ahead of the end of bidding.
    Other bidders include Broadcom and South Korea's SK Hynix, and the winner is expected to be announced sometime this month, ahead of Toshiba's next shareholder meeting.

    Update: Terry Gou has said that, "Apple is in for sure," in regards to the Foxconn-led group aiming to win Toshiba's memory chip unit. According to a Reuters report, Tim Cook and Apple's board of directors approved the decision to participate in the bidding.

    Article Link: Foxconn Partnering With Apple and Amazon In Renewed Attempt to Win Toshiba's Memory Chip Unit [Updated]
     
  2. brendu macrumors 68020

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    Not super exciting but if it helps Apple pump out new products without delays then I hope it works out for them.
     
  3. Michaelgtrusa macrumors 604

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    #3
    Foxconn and china need to be pushed out of this along with everyone else and Japan should keep it IP!
     
  4. realeric macrumors 65816

    realeric

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    #4
    Apple, please no more working with Chinese companies. Work with Micron or WD if needed.
     
  5. Kaibelf macrumors 68020

    Kaibelf

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    Why? Shouldn't Apple, as a multinational with high growth abroad opt for what they feel is the best fit and value, instead of going with someone who they don't necessarily feel is the best simply to prop up a business that happens to be from America?

    Also, hasn't Apple's partnership with Foxconn been incredibly successful in the many years they have coordinated, and wouldn't Amazon (another American company) also benefit? I'd say that Foxconn, regardless of the country they are from, has earned Apple's trust.
     
  6. Gasu E. macrumors 601

    Gasu E.

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    No problem then. Foxconn is Taiwanese, not from the PRC. Unless you meant "ethnic Chinese"-- I hope that's not what you intended.
     

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