{"id":20285,"date":"2017-01-24T11:33:46","date_gmt":"2017-01-24T11:33:46","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=20285"},"modified":"2017-01-24T11:33:46","modified_gmt":"2017-01-24T11:33:46","slug":"toshiba-board-approve-plans-split-off-chip-business-friday","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/toshiba-board-approve-plans-split-off-chip-business-friday.html","title":{"rendered":"Toshiba board to approve plans to split off chip business on Friday"},"content":{"rendered":"<div align=\"Justify\">\n<h2><span style=\"font-size: 18pt;\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Toshiba board to approve plans to split off chip business on Friday<\/span><\/strong><\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt; color: #000000;\"><strong>Toshiba board to approve plans to split off chip business on Friday:-<\/strong> Toshiba Corp&#8217;s (6502.T) board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200 billion yen ($1.8 billion) by selling a 20 percent stake in it, a person with direct knowledge of the matter said.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt; color: #000000;\">The drastic measures are part of its efforts to offset an upcoming multibillion dollar writedown for its U.S. nuclear business.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt; color: #000000;\">Toshiba Chief Executive Satoshi Tsunakawa told its main creditors of the plans when visiting them earlier on Tuesday, said the person, who was not authorized to discuss the matter publicly and declined to be identified.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt; color: #000000;\">The laptops-to-nuclear conglomerate estimates the value of its chip business at 1 trillion yen to 1.5 trillion yen ($8.8 billion to $13.2 billion), the person said, adding that it was also looking at selling other businesses.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt; color: #000000;\">Toshiba is finalizing the amount of writedown for its U.S. nuclear business, which could exceed 500 billion yen, separate sources have said. Domestic media have reported that the writedown could be as much as 700 billion yen.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 14pt; color: #000000;\">Toshiba officials declined to comment.<\/span><\/p>\n<p><span style=\"font-size: 8pt; font-family: Arial, Helvetica, sans-serif;\">Source:-\u00a0http:\/\/www.reuters.com\/article\/us-toshiba-accounting-idUSKBN1580YS<\/span><\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/toshiba-board-approve-plans-split-off-chip-business-friday.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Toshiba board to approve plans to split off chip business on Friday Toshiba board to approve plans to split off chip business on Friday:- Toshiba Corp&#8217;s (6502.T) board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[12115,12444,12443,5069,12442,547],"class_list":["post-20285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-accounting","tag-results-forecasts","tag-satoshi-tsunakawa","tag-toshiba","tag-toshiba-board-to-approve-plans-to-split-off-chip-business-on-friday","tag-us"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/20285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=20285"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/20285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/20287"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=20285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=20285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=20285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}