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Foxconn details plan to buy Toshiba chip unit

Foxconn has broad support for its offer from Apple, SoftBank Group

Bloomberg 

Foxconn is pressing its case to acquire Toshiba’s memory chips unit, as the Japanese conglomerate struggles to complete the sale and avoid having its shares delisted from the Tokyo Stock Exchange. Foxconn has broad support for its offer from Apple, SoftBank Group and Sharp and is ready to proceed right away, said Louis Woo, a spokesman.  “The bid speaks for itself. It is deal certainty,” said Woo.  “What this customer consortium means is that it will provide steady funds to Toshiba to advance their R&D. At the same time, it’s a ...

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First Published: Fri, September 08 2017. 03:42 IST
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