Toshiba receives $17.9 billion offer for its chip unit
As the price of flash memory units remain high, Apple will benefit from having the manufacturing conducted in-house.
Shares in Toshiba have taken another tumble on Monday after it was revealed that it was likely to postpone its quarterly report for a third time after auditors at PricewaterhouseCoopers Aarata raised more questions about the year's earnings.
Currently, there are 10 bidders including the world's third largest NAND flash maker Western Digital, Korean chipmaker SK hynix, Taiwanese tech firm Hon Hai and USA chipmaker Broadcom.
Some 10 foreign companies and funds, including Google and Amazon, tendered bids, the mass-circulation Yomiuri Shimbun said, quoting unnamed sources.
US private equity firm Silver Lake Partners LP [SILAK.UL] and USA chipmaker Broadcom Ltd have offered Toshiba Corp about 2 trillion yen ($17.9 billion) for its chip unit, the Nikkei business daily reported on Friday.
Bayern injuries a major concern ahead of Dortmund clash
Xabi Alonso had a chance in the 51st minute to level the score but his shot went over the bar from the edge of the box. Chances were plentiful for Bayern Munich, but it was Andrej Kramaric who helped secure a dramatic win for Hoffenheim .
Hyundai Kona: it's the Koreans' baby Tucson SUV
The Kona will sit below the Tucson in Hyundai's global line-up and is expected to feature a turbo-petrol engine. The island's energetic image and unique lifestyle matches the All-New Hyundai Kona's dynamic character.
Driver using phone hits cop enforcing distracted driving law
He and his passenger were injured after a police cruiser - out on distracted-driving patrol - hit their sedan at the intersection. He said that in Nassau the total was 7,564, with 5,358 and 2,206 being issued for cellphone use and texting, respectively.
Toshiba shareholders on Thursday agreed to split off its prized chip unit, paving the way for the sale. Toshiba plans on meeting with individual bidders this month. The company aimed to raise at least 1 trillion yen ($9 billion) but has been reportedly offered 2 trillion yen already.
The red ink is largely tied to huge cost overruns and construction delays at its USA nuclear power unit Westinghouse Electric, which filed for bankruptcy protection late last month.
Yesterday also saw the announcement by the company that its Westinghouse Electric Co. unit, which produces nuclear power technology, has filed for Bankruptcy in the U.S. Bankruptcy Court of NY, as related by Yuri Kageyama of Associated Press. The latter situation is unlikely, since memory supply isn't an area of Apple expertise and the company would have to sell chips to rival electronics makers.
The American government has guaranteed loans of US$8.3 billion to help finance some of the construction of four reactors in the US.
Legislators debate state budget
NY state will avoid a government shutdown after lawmakers approved a two-month stopgap spending plan. He added that it's very hard to get lawmakers back to reopen a budget if federal cuts come through.
Compal to make Apple Watch, report says
In 2016 Apple analysts estimated that the Cupertino, California-based technology giant shipped more than 11 million smartwatches. The information was revealed by DigiTimes , a publication which boasts of numerous sources within the supply chain of Apple.
Cable giant Comcast offers cellular plans on Verizon network
Many customers won't qualify for the special pricing, though; for them, unlimited data for four lines will cost $260. And unlike most wireless services, customers can switch back and forth between data options at no extra cost.
Get Out leads MTV Movie & TV Awards nominations
Now, after a quarter century of giving out its Golden Popcorn bucket to the best of movies, MTV will celebrate TV too. Adam Devine ( Workaholics , Pitch Perfect ) will host on Sunday, May 7, airing live from L.A.'s Shrine Auditorium.
IPL 2017: Rising Pune Supergiant beat Mumbai Indians by 7 wickets
He and Smith had put on 58 for the second wicket, and once he was out, Smith took over proceedings. Faf du Plessis missed out, while the hosts opted two spinners in Adam Zampa and Imran Tahir.
Uber resumes self-driving car program after brief suspension
According to Ubers' spokeswoman, the ride-hailing company obtained a permit from the California DMV to test its self-driving cars. But Uber's vehicles in Arizona , Pittsburgh , and Pennsylvania remained grounded and were expected to begin operating again soon.
Former Sheriff Joe Arpaio's Tent City jail…
In the past, Arpaio has lauded the jail's unusual punitive measures, including the infamous pink underwear given to inmates. He also referred to the compound as a "circus" adding, " Starting today, that circus ends, and these tents come down ".
Federal judge blocks Indiana abortion ultrasound measure
Attorneys for the state of IN have not yet said if they will appeal the ruling . The introduction of SB300 comes in the wake of the U.S.
Samsung's Tizen OS Reportedly Riddled With Zero-Day Vulnerabilities
Many developers use alternative functions entirely in order to avoid these risks, but Tizen developers are "using it everywhere". In this particular case, Samsung devices have proven to be vulnerable to as many as 40 zero-day exploits.
Marshawn Lynch tells Raiders he wants to come out of retirement
Since Lynch is under contract to the Seahawks for one more year, he had to get permission to visit with the Raiders. Additionally, Lynch's agent Doug Hendrickson said in March that Lynch is subject to change his mind at any moment.