Nuclear losses pressuring Toshiba to sell core semiconductor business stake
But rush to sell minority stake in the business, worth more than US$10 billion, may complicate sale
Tokyo
WITH mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductor business, a world No. 2 in the flash memory chips used in smartphones.
But its rush to plug a hole in its US nuclear business that Japanese media now estimate at as much as US$6 billion may complicate any asset sale.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think