The Traderszone Network

Published in TZ Latest News 23 January, 2016 by The TZ Newswire Staff

Toshiba to sell part of its chip operations: sources

Japan’s Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters 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 authorized to talk to the media. The state-owned bank has already invested in Seiko Holdings Corp’s semiconductor operations.