A group led by Bain Capital LP and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba Corp.’s semiconductor division, emerging as a leading bidder in the hotly contested auction, the other leading contender is Broadcom.
Apple Inc and Dell will join a Foxconn-led consortium bidding for Toshiba Corp's highly prized chip unit, said Terry Gou, CEO of the world's largest contract electronics manufacturer. The firm is also in discussions with Google, Microsoft and Cisco about their participation in the bid.
Handset maker Lenovo will invest in areas like marketing, expanding retail presence and building premium products for its 'Motorola' brand as it looks to strengthen its position in the fiercely-competitive smartphone market in the country.
Apple Inc and Amazon.com Inc will join Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou, the two US technology giants plan to "chip in funds", Gou said.
Toshiba Corp.'s last-gasp strategy for staying afloat is selling its prized computer chip operations, it may buy the company time but is no cure-all. The company will lose its promising businesses and still be entangled with nuclear units that led to its downfall.