“Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s semiconductor business, Japanese public broadcaster NHK reported on Friday – the latest twist in the sale of the world’s second-biggest flash memory chipmaker,” Reuters reports.
“The U.S. technology giant is considering investing at least several billion dollars to take a stake of more than 20 percent as part of a plan that would have Toshiba keep a partial holding so the business remains under U.S. and Japanese control, NHK reported, citing unidentified sources,” Reuters reports. “The idea would be to allay Japanese government concerns about any transfer of sensitive technology to investors it deems a potential risk to national security, the broadcaster said… NHK said Apple wants Foxconn to own a stake of around 30 percent of Toshiba’s chip business.”
“An investment by Apple would be its first direct stake in a major global memory chipmaker, as it seeks to secure a stable supply of key components,” Reuters reports. “Samsung Electronics is the biggest maker of flash memory chips, followed by Toshiba, SK Hynix and U.S.-based Micron Technology Inc.”
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MacDailyNews Take: Anything that cuts slavish copier Samsung out of Apple’s supply chain is a Good Thing™.