Saturday, 1 April 2017

Apple, Google, Amazon and others are interested in buying Toshiba's memory chip business

A group of top tech companies like Apple, Google and Amazon are interested in purchasing Toshiba's memory chip business. The company that succeeds in buying the division will be obtaining the second largest provider of memory chips for smartphones and computers behind Samsung. The business accounted for 25% of Toshiba's $50.9 billion USD in revenue during its last fiscal year. The company is still bleeding red ink, and could report a $9 billion loss this year thanks to issues that have nothing to do with the memory chip business. But selling it to the highest bidder could bring in some much needed ...

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