Foxconn not favoured bidder for Toshiba’s chip unit due to China link

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Taiwan’s Foxconn, the world’s largest contract electronics maker, is not a favoured bidder for Toshiba Corp’s memory chip business due to its close ties with China, sources with direct knowledge of the deal said.

The Japanese government is worried that selling to bidders close to China may lead to the transference of key technology, the sources said.

Toshiba is aware of the government’s wishes and “will take into account how close bidders are to China in the selection,” one of the sources said, adding that Foxconn has production lines in China.

Toshiba, the second-biggest NAND chip producer after South Korea’s Samsung Electronics Co Ltd, is considering selling the majority - or all - of its marquee flash-memory chip business, as it seeks to make up for a $6


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