Apple said to be targeting a stake in Toshiba's memory chip business

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo

This would help keep Toshiba's memory chip business in favorable US and Japanese hands according to public broadcaster NHK.

Apple is reportedly considering teaming up with contract manufacturer Foxconn to acquire a 20pc stake in Toshiba's semiconductor business.

A couple of weeks ago it was reported that Toshiba had announced that they would be selling off their memory chip business. The Apple report helped Toshiba stock rebound; after being down 8.1% early Friday, it was down just 2.8% by the afternoon, according to Dow Jones. Chey's comments were made in response to skepticism over the world's second largest dynamic random access memory (DRAM) maker's bid over Toshiba's chip-making division primarily focused in the non-volatile storage (NAND) amid reports of its price offering to be lower than others.

The company is considering injecting several billion dollars to buy a more than 20% stake in a plan that would have Toshiba maintain a partial holding to keep the business under the control of Tokyo and Washington. If the firm excessively borrows money for the acquisition, it may face a financial struggle when the boom of the chip business slows down.

Per Forbes estimates, Rays franchise value up to $825-million, still last
That said, if the team plays well, more people will come to the park and prices can be increased for tickets, merchandise and ads. The Yankees' AL East rival, the Tampa Bay Rays, were ranked the least valuable franchise in baseball at a mere $825 million.

This chip making business runs as a joint venture with Western Digital.

The report noted that Foxconn is preparing to begin negotiations with Japanese banks and related companies over the deal. The Japanese company is in the process of narrowing down the bidders for the semiconductor business, which is profitable.

Auditors suggest - "It is an unusual move for a Japanese company-and with a warning that the entire company could collapse".

The Yomiuri newspaper said last month that Apple was among the bidders for the chips unit.

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