Apple reportedly targeting stake in Toshiba's chip businessApril 14, 2017 - 11:25 AMT PanARMENIAN.Net - Apple is the latest company to be linked with a possible bid for an investment in Toshiba’s sizable computer memory business, which is up for sale, PCWorld reports. The company is prepared to make a direct investment of several billion dollars in Toshiba Memory for a stake of “several tens” of percent, Japanese public broadcaster NHK reported in its lunchtime news. The report said Apple is also considering a joint bid with Foxconn Technology, which manufactures the iPhone. Toshiba is a major supplier of components for the iPhone. Apple could not immediately be reached for comment. The memory chip business is one of the Toshiba’s jewels, but is up for sale as part of Toshiba’s attempts to dig itself out of a multibillion dollar hole caused by the collapse of Westinghouse. Cost overruns and delays on projects in South Carolina and Georgia incurred billions of dollars in losses. Earlier this week, Toshiba finally released its first financial report in nine months, reporting a $5.9 billion dollar loss due to the problems at nuclear power business Westinghouse. The memory chip business reported a profit of $934 million on sales of $5.8 billion. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. |