Bain Capital’s effort to acquire Toshiba’s memory chip business may be in for a huge boost as Bloomberg reports Apple is now discussing a US$3 billion stake in the bid.
The strategic importance of chips for Apple is clear: only a handful of companies make the highest-end technology, and one of them is Samsung.
The investment would give Apple “better control of a critical supply chain component,” said Nehal Chokshi, the managing director of consumer and enterprise technology at Maxim Group. Chokshi rates Apple stock a buy. “Having a diversified supply chain is a driver” for a potential investment, he said.
The move has an added benefit of blocking Western Digital’s play to acquire the unit with KKR, a development which would see more power concentrated within the chip industry.
The precise composition of the Bain group is still in flux and may change, according to Bloomberg. There is no guarantee the consortium will be able to reach a final agreement with Toshiba.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Puerto Rico Steel Executive Admits Guilt in Major Price-Fixing Case
Sep 1, 2024 by
CPI
EU Court to Deliver Verdict on Apple-Ireland Tax Appeal this Month
Sep 1, 2024 by
CPI
California DMV Proposes New Regulations for Autonomous Trucks
Sep 1, 2024 by
CPI
Brazil Suspends Elon Musk’s Social Network X Amid Ongoing Legal Dispute
Sep 1, 2024 by
CPI
NAR Appeals Circuit Court Decision, Takes DOJ Fight to Supreme Court
Sep 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich