Apple and Amazon join Hon Hai’s bid for Toshiba Memory

Apple and Amazon are joining Taiwan's Hon Hai Precision Industry Co. in its bid to buy the semiconductor business of the Japanese company Toshiba Memory. That's according to a report in the Nikkei Asian Review after it interviewed Hon Hai CEO Terry Gou.

Hon Hai, also known as Foxconn, has been bidding aggressively for Toshiba Memory, which was put up for sale in February. Apple and Amazon had been bidding separately but have decided to join with Hon Hai in its bid. Guo did not reveal how much each company was offering.

Among the five bidders for Toshiba Memory, Hon Hai has made the highest offer so far of around US$18.2 billion and has entered the second round of bidding.

Gou said his company's experience in smartphone and server production would help Toshiba build the right memory components for future gadgets.

He also said Hon Hai would guarantee bank loans for Toshiba Memory and would not sell the company for profit. He said he would not interfere in the company's management but would rather let the Japanese manage it. That's the same way his company has dealt with another Japanese company � Sharp � which Foxconn bought in 2016. Gou said his team hopes Toshiba Memory will last for another 50 to 100 years.

Source: Radio Taiwan International