Deals
Toshiba Puts Prized Chips Unit Up for Sale to Salvage Business
- Chips and nuclear operations were two remaining pillars
- Sale of prized division came amid messy day of earnings
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After a chaotic day of earnings, it’s become clearer Toshiba Corp. may soon end up a shadow of its former self.
Buried in company presentation materials Tuesday was a note that the Tokyo-based conglomerate is considering selling a majority stake in its memory chip business, a reversal of a previous plan to limit the sale to 20 percent. Then President Satoshi Tsunakawa took that a step further, saying a sale of the entire unit is now possible.