Hon Hai seeks stake in Toshiba semiconductor business: report

Focus Taiwan
Date: 2017/02/07
By: Yang Ming-chu, Jalen Chung and Frances Huang

Taipei, Feb. 7 (CNA) Taiwan-based electronics manufacturing giant Hon Hai Precision Industry Co. (鴻海) is one of several bidders seeking to acquire a stake in Toshiba Corp’s semiconductor operations, the Asahi Shimbun reported on Tuesday.

The report said that Hon Hai, known as Foxconn outside Taiwan, participated in an auction for a minority stake in the company’s semiconductor business held by Toshiba on Feb. 3.

In addition to Hon Hai, other participants in the auction included U.S-based Western Digital and U.S. and European investment funds, the Asahi Shimbun said. The Wall Street Journal reported on its Chinese language website that the bidders also included South Korean memory chip maker SK Hynix Inc.    [FULL  STORY]

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