Foxconn and TSMC to Partner on Bid for Toshiba's Memory Business?

Foxconn and TSMC to Partner on Bid for Toshiba's Memory Business?

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Foxconn and TSMC are reportedly partnering on a bid for Toshiba's memory business, according to Liberty Times via DigiTimes.

Via the cooperation, the report claimed, TSMC will be able to challenge Korea-based Samsung Electronics' leadership in the flash memory market, allowing the pure-play foundry house to achieve a new wave of growth. The two companies' bidding team is currently in Japan aggressively preparing for document submission prior to the March 29 first-round bidding.

Foxconn chairman Terry Guo has said that demand for storage will increase as the 8K resolution becomes popular. He also said Foxconn would be able to assist Toshiba using the same strategy it adopted for Sharp and promised to keep all key technologies in Japan.

While Guo is series about the bid but said he would not force it to happen.

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Foxconn and TSMC to Partner on Bid for Toshiba's Memory Business?
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