Apple may invest in Toshiba Chip Unit

Public broadcaster NHK has reported that Apple Inc. is considering investing in Toshiba Chip Unit to the tune of multi billion dollars. Apple is planning on taking on more than 20 % of the chip business and convince Toshiba to maintain a partial stake to allay the concerns of the Japanese government. Toshiba is selling its memory chip unit to raise cash to cover write downs at US nuclear unit.

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