Toshiba’s memory biz sale attracts many, including Apple

Apple may be considering partnering with its China-based supplier Foxconn to purchase a major stake in Toshiba’s semiconductor unit.

In January, Toshiba officially announced it would seek to sell a portion of its flash memory business, including the SSD business of the Storage & Electronic Device Solutions Division, to a not-yet-named buyer.

The Nikkei Asian Review has reported that Toshiba may sell a 20% stake in the memory business for between $1.77 billion and $2.65 billion, “while retaining a majority stake and keeping the new company in group earnings.”

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Source: http://www.cio.com

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