Toshiba to sell part of its chip operations: sources

Tokyo

JAPAN'S Toshiba Corp plans to sell part of its chip business as it aims to recover from a US$1.3 billion accounting scandal, three people familiar with the matter said on Saturday.

The electronics conglomerate has started accepting bids, with early interest shown by the Development Bank of Japan Inc, said the sources, who declined to be identified because they are not authorised to talk to the media.