Foxconn Technology Group is reportedly planning to bid up to US$27 billion to acquire Toshiba's chip business, according to Bloomberg.

 

据报道，富士康科技集团计划出资270亿美元收购东芝的芯片业务。

 

It's yet another major acquisition swoop¹ on a Japanese high-tech² firm by Foxconn which earlier bid for taking over the electronics firm Sharp.

 

Analysts³ estimate that a reasonable valuation of Toshiba's chip business is between $1.5 billion and $2 billion, and those familiar with the matter say that the second-highest bidder⁴ offered in the region of $2 trillion at the end of March, according to a Bloomberg report.

 

The world's largest contract electronics manufacturer is apparently⁵ willing to bid high as it currently does not own any large memory manufacturer, and Toshiba's chip business would support Foxconn as it develops memory as a 'cash-cow' for use in a variety of networking equipment, such as Apple products.

 

Toshiba, the second largest chip producer is keen to sell all of its chip business, as it looks for cash to survive a substantial overrun of a US nuclear power plant project.

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