Apple Partners with HTC for VR; Foxconn Nears US$18b Toshiba Deal; Damages after Flooding

Apple Partnering with Taiwan Firm for VR

Apple is partnering with Taiwan’s HTC as part of its virtual reality development.

At a major tech conference San Jose, California, Apple used the HTC Vive – the first VR headset launched by the Taiwanese firm – as part of a showcase of its virtual reality efforts, Central News Agency reports.

Foxconn in the Mix as Speculation Mounts over Toshiba’s US$18b Unit Sale

A major announcement on the future of Toshiba’s memory chip unit is imminent after Nikkei reported Taiwan’s Foxconn, with financial backing from Apple and Amazon, would be the highest bidder for the unit.

The Financial Times notes there are still political sensitivities around the deal – Japan is concerned about Toshiba’s technology falling into the hands of a rival government – that could see the unit sold to a different contender.

Reuters, quoting unnamed sources, has reported that the successful bidder for the US$18 billion business will be announced on June 15.

Millions in Flooding Damage

Torrential rain and flooding in Taiwan the past week caused widespread destruction and millions of dollars in damage.

The Ministry of Education said 138 schools across the country had damages totaling more than US$1.5 million, Central News Agency reports.

Meanwhile, the Council of Agriculture reported agricultural losses and damage to farming facilities were at US$4.5 million.