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Apple may buy stake in Toshiba's semiconductor business

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Apple may buy stake in Toshiba's semiconductor business

Apple Inc may join efforts with its supplier Foxconn to purchase Toshiba Corp's semiconductor business, according to NHK Friday’s report.

The company is considering injecting several billion dollars to buy a more than 20% stake in a plan that would have Toshiba maintain a partial holding to keep the business under the control of Tokyo and Washington.

The offer is intended to mitigate the concerns expressed by the Japanese authorities, which believe that any transfer of sensitive technology to investors poses a risk to the country’s national security.

These concerns were raised in regard to Foxconn’s participation in the auction, because of the company’s links to China. It is noteworthy that a large amount of Apple's iPhones are produced at Foxconn's enterprise there.

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