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Toshiba seeking 1 trillion yen for stake in chip unit: source

Japan conglomerate may sell to multiple buyers rather than one bidder

Tokyo

TOSHIBA Corp wants to raise at least one trillion yen (S$12.5 billion) from the sale of a majority stake in its flash memory chip business as a buffer against any fresh financial problems, a source with direct knowledge of the matter said.

After flagging a US$6.3 billion write-down on its US nuclear...

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