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Browsing Feb 2017

Toshiba decides to split off core chip business

Posted by James Tyler in Uncategorized on February 23, 2017

Toshiba Corp’s board on Friday approved plans to make its core chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business. Toshiba estimates the value of its chip business – the world’s biggest NAND flash memory producer after…

Toshiba to Sell Part of Its Chip Business

Posted by James Tyler in Uncategorized on February 2, 2017

Reuters- Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division – the cause of its woes – was now under review. The drastic measures are set to be just some of the…