Broadcom (BRCM) is said to be the preferred buyer to acquire Toshiba's (TOSYY) flash business, CNBC reports, citing sources.

Toshiba values its chip business at $18 billion or more and is looking to expedite the sale in order to cover billions in cost overruns at its now bankrupt U.S. nuclear business.

Toshiba is expected to announce who has won the bidding war for the chip business next week. The company's choices are said to be narrowed to Broadcom, U.S. tech fund Silver Lake, and other bid from Toshiba's chip partner Western Digital (WDC) in partnership with a Japanese state-backed group of investors, CNBC noted.

Comcast (CMCSA) , Netflix (NFLX) and Alphabet (GOOGL) are just some of the tech names in Jim Cramer's Action Alerts PLUS portfolio. Get his insights on the biggest names in tech here.

More from Stocks

5 Things Investors Should Read Before Coming Earnings Season Blowout

5 Things Investors Should Read Before Coming Earnings Season Blowout

In Trump Era, Managing JPMorgan Is As Unpredictable As a Midnight Tweet

In Trump Era, Managing JPMorgan Is As Unpredictable As a Midnight Tweet

Video: Don't Underestimate China's Strength in a Trade War

Video: Don't Underestimate China's Strength in a Trade War

Tesla: What Are Wall Street's Best Analysts Saying Now?

Tesla: What Are Wall Street's Best Analysts Saying Now?

Master Limited Partnerships: A Badly Missed Investment Opportunity?

Master Limited Partnerships: A Badly Missed Investment Opportunity?