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Apple May Be Coming to Toshiba’s Rescue

  • IPhone maker’s involvement caps roller coaster week at Toshiba
  • Uncertainty over chips unit unlikely to abate anytime soon
Bloomberg business news

Apple Looking to Help Toshiba Semiconductor Unit

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Apple Inc. may be coming to Toshiba Corp.’s rescue.

The iPhone maker is actively looking at options for helping the troubled Japanese company by investing in its semiconductor unit, which has been put up for sale, according to people familiar with the matter. Apple is considering a range of options from partnering with Taiwan’s Hon Hai Precision Industry Co. to joining with Japanese investors on a bid, said the people, asking not to be named because the matter is private. SoftBank Group Corp. is considering getting involved in the Toshiba chip unit bidding and may cooperate with Hon Hai or Apple, the people said.