Apple, Amazon to join Foxconn’s bid for Toshiba’s semiconductor biz

Apple and Amazon will join Foxconn's bid for Toshiba Corp's semiconductor business, Foxconn Chairman toldthe Nikkei Business Daily — as noted by Reuters.

The U.S. tech companies plan to "chip in funds,” Gou told the newspaper. It’s uncertain if this will take the form of a direct investment in the semiconductor unit or would be financing for the deal.

Toshiba is spinning-off its core memory chip business and seeking outside investors in it. Apple could be interested as the move would allow it to lock in memory technology for its iPhone and other products.