Successful bid with Bain Capital may help iPhone maker source memory chips for smartphones in battle with rival Samsung

Apple has joined a consortium of companies led by the investment firm Bain Capital in a revised £14bn last-ditch offer for Toshiba’s chip unit.

Toshiba is the world’s second largest producer of Nand memory chips, which are used in smartphones and computers. A deal may be crucial for Apple in keeping down prices of components for its iPhone, as well as reducing its dependence on market leader Samsung.

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