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
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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.
