google amazon eye toshiba’s chip unit
Saturday 10 May 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

Google, Amazon eye Toshiba’s chip unit

Arab Today, arab today

Arab Today, arab today Google, Amazon eye Toshiba’s chip unit

Toshiba is the world’s No. 2 supplier of memory chips for smartphones and computers
Tokyo - Arab Today

Google and Amazon joined a list of potential buyers eyeing Toshiba’s lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday.
Toshiba has reportedly completed the first round of bidding for its prized memory chip business, seen as key for the cash-strapped company to turn itself around.
Some 10 foreign companies and funds, including Google and Amazon, tendered bids, said the mass-circulation Yomiuri Shimbun, quoting unnamed sources.
The two US tech giants are expected to use Toshiba’s memory chips for their cloud services, the daily said.
Taiwan’s Hon Hai, which acquired Japanese electronics maker Sharp last year, has apparently bid more than 2 trillion yen ($18 billion), the daily said.
Immediate confirmation of the report was not available.
Toshiba shares jumped more than 5 percent on Friday after local media reported that bidders included Apple, US private-equity firm Silver Lake Partners and American chipmaker Broadcom.
Toshiba is expected to negotiate with individual candidates this month. Local media said any foreign buyer would need to pass a Japanese government review, given concerns about security around systems already using Toshiba’s memory chips.
Toshiba is the world’s No. 2 supplier of memory chips for smartphones and computers, behind South Korea’s Samsung, and the business accounted for about a quarter of its 5.67 trillion yen in revenue last fiscal year.
The news report came after angry investors lambasted Toshiba executives at a shareholders meeting over its warning that annual losses could balloon to more than $9 billion.
The red ink is largely tied to huge cost overruns and construction delays at its US nuclear power unit Westinghouse Electric, which filed for bankruptcy protection late March.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

google amazon eye toshiba’s chip unit google amazon eye toshiba’s chip unit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

google amazon eye toshiba’s chip unit google amazon eye toshiba’s chip unit

 



GMT 05:36 2017 Tuesday ,08 August

Elephants, tigers kill one human a day in India

GMT 05:07 2017 Wednesday ,02 August

Saudi King receives UN chief

GMT 16:39 2017 Sunday ,17 September

U2, Sheeran cancel concerts in protest-hit St Louis

GMT 01:42 2018 Tuesday ,09 January

Barcelona to unveil 160m Coutinho

GMT 13:37 2018 Saturday ,06 January

Japanese foreign minister calls on COAS

GMT 11:54 2017 Saturday ,30 December

HM King condoles with Egyptian president

GMT 11:25 2015 Thursday ,19 November

Boasts clean energy and bad car pollution

GMT 21:22 2017 Monday ,11 September

Bahraini-Egyptian cooperation reviewed

GMT 12:51 2017 Sunday ,26 February

Why is there angst over Trump’s appointments?

GMT 20:24 2011 Tuesday ,19 April

Tipsy Irishman pays price for moving beehive

GMT 11:11 2017 Wednesday ,25 January

Jordan condemns Israeli settlement expansion
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday