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Business

Sharp may buy 20% of Toshiba's memory unit

Bid with parent Foxconn could temper concerns over tech secrets

| Japan

OSAKA -- Sharp is seeking a stake in Toshiba's memory business up to roughly 20% in a joint bid with its Taiwanese parent Hon Hai Precision Industry, it was learned Monday.

Hon Hai, the iPhone assembler known as Foxconn, has faced concerns from the Japanese government and elsewhere that a foreign purchase of the memory unit will lead to technological secrets finding their way to rivals in China or Taiwan. Sharp, a Japanese electronics giant, will lend its name to help overcome the barrier.

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