Foxconn still in race for Toshiba memory sticks: Gou

Taiwan-based manufacturing giant Foxconn is still in the bidding for Toshiba's memory stick business. That's the word from CEO Terry Gou on Thursday.

Toshiba recently put its memory stick business up for sale. The Japanese company announced Wednesday that it favors bidders based in Japan, South Korea or the United States. This prompted speculation that Foxconn would be ruled out.

Terry Gou responded at a shareholders' meeting in New Taipei by saying that the bidding is far from over and Foxconn still has a chance.

Gou also responded to questions about a recently announced investment plan in the United States. He said a concrete plan will be laid out in July or August. He also said the US presents a very good business, legal, and creative environment for Foxconn's expansion.

Asked about Foxconn's latest overseas project, economics minister Lee Shih-kung said that the ministry will continue to assist Taiwanese enterprises in their ventures abroad. He said he hopes these efforts will help enterprises develop on a bigger stage and benefit the people of Taiwan in turn.

Source: Radio Taiwan International