It’s Official: Toshiba just sold its memory chip division to the Bain Capital consortium that includes Apple in a US$18 billion deal.
Toshiba is ready to sell its memory chip business to Bain Capital, the consortium that includes financial support from Apple, Dell, Hoya, and Hynix.
It seems Toshiba’s favorite buyer isn’t working out so well because the company is back to negotiating with other potential suitors, including Foxconn.
Toshiba turned down Apple and Foxconn when it picked a buyer for its NAND flash memory business.
Foxconn is adding more financial backing in its bid for Toshiba’s MAMD flash memory business.
Apple is reportedly interested in bidding on Toshiba’s NAND flash memory business, and is looking into teaming up with Foxconn to make it happen. Apple is looking to invest several billion dollars in the company for at least a 20% stake that it would share with Foxconn.