CUPERTINO, CA – Apple is considering joining Foxconn in a bid to buy Toshiba's memory chip business, according to published reports.

Apple may invest several billion dollars and is reportedly seeking more than a 20% stake. Foxconn would take a 30% stake, and Toshiba would maintain a partial stake, say reports.

Toshiba is trying to sell its chip business to raise cash after massive cost overruns from its US nuclear power unit, Westinghouse, which filed for bankruptcy last month.

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