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Raft of divestments signals failure within Japan electronics sector

Firms such as Sharp and Toshiba never ventured to get cross-pollination from global expertise

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Toshiba on Thursday agreed to sell a major part of its "white goods" business to Chinese home-appliance maker Midea Group. The deal is expected to be completed by month's end.

Tokyo

HOT on the heels of a bid by Taiwan's Hon Hai company to acquire Japanese electronic goods manufacturer Sharp Corporation, another famous Japanese name, Toshiba, has agreed to sell a major part of its "white goods" business to Chinese home appliance maker Midea Group.

The

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