Sharp Corp. is considering a joint bid with parent company, Hon Hai Precision Industry Co., to invest in embattled Toshiba Corp.'s memory chip business, a Sharp executive said Wednesday.
By teaming up with the Japanese electronics firm, Hon Hai, the Taiwan-based main assembler for Apple Inc., may be attempting to avoid a possible scenario in which the Japanese government blocks the deal out of fear that a sale of Toshiba Memory Corp. to a foreign company could undermine national security.
While the chip industry is vulnerable to swings in demand, the business can still be an important asset in the age of the internet of things, the Sharp executive told reporters Wednesday.