Tag Archives: Toshiba

Toshiba(TOSYY) Commits To Selling Minority Stake In Memory Business

Toshiba Corp. (TOSYY) has today outlined more details of the plan to sell off part of its memory chip business, in an effort to raise funds ahead of a multi-billion dollar write down of its US nuclear business. CEO Satoshi Tsunakawa said at a news conference on Friday: “We had been thinking of splitting off semiconductors to beef… Read More »

Toshiba(TOSYY) Under Pressure, Confirms Reports Of Potential Semiconductor Spinoff

Toshiba Corp. (TOSYY) has today acknowledged that recent speculation about a potential sale of its flash memory business was bang on the money. The Nikkei newspaper reported earlier this week that the Japanese conglomerate may sell a 20 percent stake in the chip operations, raising as much as 300 billion yen ($2.7 billion). Memory is Toshiba’s most profitable… Read More »