# Foxconn and TSMC plan joint bid for Toshiba memory unit

Foxconn and TSMC are teaming up to make a joint bid for Toshiba Corp.'s semiconductor business, valued at $20 billion, according to sources. The bid is for a majority stake in Toshiba's memory chip unit.

- Type: Acquisition
- Announced: 2017-03-11
- Where: Japan
- Value: $20.0B
- Status: rumored
- Products: memory chips, flash memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Toshiba](https://endata.com/companies/8893.md) (target)
- [Hon Hai Precision Industry (Foxconn)](https://endata.com/companies/22780.md) (acquirer)
- [Taiwan Semiconductor Manufacturing Company (TSMC)](https://endata.com/companies/22781.md) (partner)

## Sources

- [caixinglobal.com](https://www.caixinglobal.com/2017-03-11/foxconn-tsmc-eye-joint-bid-for-toshiba-memory-unit-101065043.html), 2017-03-11: "Foxconn and TSMC will team up to make a joint bid for Toshiba Corp.'s semiconductor business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.