Toshiba to Sell Part of Its Chip Business - News Summed Up

Toshiba to Sell Part of Its Chip Business


TOKYO—Toshiba Corp. said Friday it would put part of its semiconductor unit up for sale, seeking to stay afloat after a planned write-down of billions of dollars connected to its U.S. nuclear business. Analysts said the sale of just under 20% of Toshiba’s memory-chip business, which supplies chips to the likes of Apple Inc., could bring in more than $2 billion because of high demand for chips in products such as smartphones and...


Source: Wall Street Journal January 27, 2017 04:24 UTC



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