Foxconn, the Taiwanese electronics manufacturer best known as the maker of iPhones and iPads for Apple, is said to be preparing a $27 billion bid to acquire Toshiba's computer chip assets.
Toshiba is most commonly recognized for making NAND flash and memory chips, with all of its factories in Japan. However, chip manufacturing in Japan has slipped as rivals in South Korea and China gain in strength.
The news of the potential offer was first reported by the Wall Street Journal. Foxconn is the latest of a number of companies, including SK Hynix and equity investor Silver Lake, interested in acquiring Toshiba's chip assets.