Apple may be considering a stake in Toshiba’s memory chip business

Toshiba is spinning-off its core memory chip business and seeking outside investors in it. Potential suitors purportedly include Apple, Foxconn, TSMC, Microsoft, Western Digital, Micron, and SK Hynix.

Apple could have the edge to win the business, which would allow it to lock in memory technology for its iPhone and other products, Chris DeMuth Jr. writes for Seeking Alpha. Micron and SK Hynix face antitrust issues while Foxconn faces national security issues. The seller values the business at $17-18 billion. Bids are due March 29. Toshiba shareholders meet March 30 and the spin is scheduled for April 1.