Foxconn ropes in Apple and Amazon.com for its bid to Toshiba’s chip business

Given Foxconn’s deep ties with China, Japan is likely to block any move that will risk the transfer of sensitive technology to outsiders.

On Monday, Japanese business daily, Nikkei has reported quoting Terry Gou, Foxconn’s chairman say saying, Amazon.com Inc and Apple Inc will be joining forces with Foxconn for a bid of Toshiba’s chip business.

As per an interview conducted by Nikkei, the two U.S. tech companies plan to “chip in funds”, said Gou, in the interview. It isn’t clear whether the proposal will take the form of financing the deal or the form of a direct investment.

Foxconn, considered close to China, has also partnered with Japan’s Sharp Corp for the bid.

When asked to respond to requests for comments, neither Amazon nor Apple were immediately available for comment.

Given’s Japan’s stance on key chip technology which it sees as important to its national security, and given Foxconn’s closeness to the Chinese leadership, Foxconn is not seen as a frontrunner in the sale of Toshiba’s chip unit worth at least $18 billion.

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