Apple eyes backing Hon Hai bid for Toshiba chip unit: report

Tech giant Apple is considering backing Hon Hai's multi-billion dollar bid for Toshiba's lucrative memory chip business, a report said Saturday. The US firm plans to financially support Taiwan's Hon Hai, which has reportedly bid some 3 trillion yen ($27.6 billion) in the initial tendering round for the memory chip business, the Mainichi Shimbun said. Apple, which uses Toshiba's memory chips for its iPhone, hopes to secure stable supplies of the key parts by supporting Hon Hai's bid, the daily said.
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