Toshiba says 3 groups vying for prized chip unit

TOKYO: Toshiba said Thursday that three groups are vying for its memory chip business, as reports said Apple has jumped into the race with a consortium offering to pay about $20 billion for the unit.

The loss-hit conglomerate said bidders include a group led by US investment fund Bain Capital and Japanese state-backed investors and another that includes Taiwan’s Hon Hai Precision, better known as Foxconn.