Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Toshiba begins negotiation for sale of chip unit www3.nhk.or.jp
Struggling electronics giant Toshiba has launched negotiations over the sale of its flash memory business.
Toshiba plans to spin off its profitable chip unit and sell a stake in the new company to help cover the huge losses from its nuclear power business in the United States.
Investors, including US investment funds and other chip manufacturers, took part in the first round of bidding on Friday.
Informed sources say Toshiba asked the bidders to consider investing in not only the new chip firm but also Toshiba itself for several billions of dollars.
The request is viewed as Toshiba's attempt to prevent debt from exceeding assets in its financial statements for the current business year that ends in March.
Published Date:2017-02-06
