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Foxconn CEO Allays Concerns About Company’s Chinese Ties For Toshiba’s NAND Business
Posted by :MMPosted date : June 17, 2017In Foxconn0
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A Foxconn-led consortium backed by Apple, Dell and potentially Google is expected to bid for a stake in Toshiba’s NAND storage business. However, the deal is not expected to go through due to regulatory concerns and the Japanese government wary of key technology going out of the country.
Foxconn’s CEO Terry Gou has now tried to allay some of that concern by saying that his company is willing to help Toshiba in the technological department. While Toshiba’s NAND storage business is a lucrative business, the company’s technology is inferior to that of Samsung and other NAND storage suppliers in the market. And Foxconn is interested in helping the company in catching up to its competitors or even surpass them.
As for Foxconn’s ties to China, Gou said just because the company has factories in China, it does not mean it will import confidential technology from Japan into the country. Additionally, as a company, Foxconn is always looking to invest in different markets of the world. He also said that leaking such technology will not benefit Foxconn or any of its partners in any way as well.
Guo said that leaking technology would not benefit Foxconn or any of Foxconn’s partners, and would only hurt Toshiba’s future development. With all the outcomes coming out negatively, there would be no point for Foxconn to leak IP, Guo stated.
He further added that Toshiba’s R&D will continue to happen in Japan, with production procedure being kept within the plants. Gou also said that Foxconn will apply to patent Toshiba’s technology to prevent any infringement.
A final bidder for Toshiba’s NAND business will be finalised by June 28.
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