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General

Hon Hai seeks Softbank help in Toshiba chips bid - report

Monday 17 April 2017 | 08:57 CET | News
Hon Hai Precision Industry has asked SoftBank for cooperation in its bid to acquire Toshiba's chip unit, sources close to the matter told Kyodo News. Hon Hai, which bought Japanese display maker Sharp last year, is also calling on other Japanese companies to join a consortium, in an effort to gain approval from the Japanese government. This comes at a time when the Japanese government is especially worried about a sale to a Chinese or Taiwanese company and could step in to block such a deal. According to the sources, Hon Hai chief Terry Gou has personally asked his long-time friend SoftBank

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Categories: General
Companies: Apple / Foxconn / Hon Hai Precision Industry / SanDisk / Softbank / Toshiba / Western Digital
Countries: Japan / World
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