In an interview on Monday, Foxconn Chairman Terry Gou said that the two companies plan to 'chip in funds'. It's unclear if the funds would be a direct investment or a financing of the deal.
"Foxconn can confirm that we have submitted a bid for Toshiba's chip business with a number of strategic partners," the Taiwanese firm said in a statement to Reuters. It plans to discuss details "at the appropriate time".
In April a report claimed that Apple is willing to spend billions to obtain a 'substantial stake' in Toshiba's chip business. The move would help the company secure a stable supply of memory chips for its devices.
Apple and Amazon declined to comment.