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Apple may invest billions of dollars in Toshiba chips unit: report

Apple may invest billions of dollars in Toshiba chips unit: report

Saturday, April 15, 2017, 11:51 AM

Apple Inc. is considering an investment of several billion dollars in Toshiba Corp.’s semiconductor unit, Japan’s national broadcaster reported, raising the prospect that the struggling electronics conglomerate will get a much-needed cash infusion. Toshiba has put its memory chips business up for sale to make up for a writedown of ¥716.6 billion ($6.56 billion) in its US nuclear equipment operations.
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