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Foxconn seeks SoftBank's help in bid for Toshiba chip unit

Move seen as addressing Tokyo's fear of tech leaks to China and Taiwan

Toshiba President Satoshi Tsunakawa attends a press conference at the company's Tokyo headquarters on April 11. (Photo by Nozomu Ogawa)

TOKYO -- Taiwanese contract manufacturer Hon Hai Precision Industry, also known as Foxconn, has asked for help from Japanese telecommunications giant SoftBank Group in its bid to acquire Toshiba's memory business, The Nikkei has learned.

With SoftBank's backing, Foxconn is preparing to begin negotiations with Japanese banks and related companies over the deal.

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