Foxconn may pay $27 billion for Toshiba’s chip business

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Foxconn is moving to India
Foxconn is taking over everything.
Photo: Foxconn

Apple’s most important manufacturing parter is getting ready to make a huge investment that could make it one of the world’s biggest chipmakers.

The Japanese government is hoping Toshiba will sell itself to a domestic company, but Taiwan’s Hon Hai Precision Industries (aka Foxconn) is preparing to make a huge offer for the company that could shake up the tech world.

Apple Supplier Foxconn Posts Record Profits Thanks To iPhone Production Improvements

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Foxconn-ceo

As Apple has become more successful over the last few years, Hon Hai Precision Industry’s (Foxconn) financial fortunes have been more tightly bound to Apple’s than ever before.

If things are going well for Foxconn, then Apple’s probably doing pretty well too, so investors were happy to hear that Foxconn just posted its most profitable quarter ever thanks to improved production efficiency of the iPad and iPhone 5.