Toshiba Corp. has received an offer of nearly ¥3 trillion ($27 billion) from Hon Hai Precision Industry Co. in the first round of bidding for its chip unit, sources close to the matter said Friday.
The offers signal that struggling Toshiba could raise well over ¥2 trillion for the business, which is in line with the president's estimate.
The sale will play an integral part of Toshiba's plan to raise cash to offset huge losses from Westinghouse, its nuclear power business.