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Toshiba considering splitting off chip business and listing it

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Embattled Toshiba Corp said on Friday it was thinking of splitting off most of its chip business into a separate company, with listing the business an option - a move that would help it raise capital in the wake of a US$1.3 billion accounting scandal.

[TOKYO] Embattled Toshiba Corp said on Friday it was thinking of splitting off most of its chip business into a separate company, with listing the business an option - a move that would help it raise capital in the wake of a US$1.3 billion accounting scandal.

But Toshiba chief executive Masashi Muromachi told reporters that NAND flash memory chips remained a core part of the conglomerate's business and that division would not be sold.

REUTERS

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