{"id":22944,"date":"2017-02-24T05:29:17","date_gmt":"2017-02-24T05:29:17","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=22944"},"modified":"2017-02-24T05:29:47","modified_gmt":"2017-02-24T05:29:47","slug":"toshiba-says-it-is-considering-sale-of-majority-stake-in-chip-unit","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/toshiba-says-it-is-considering-sale-of-majority-stake-in-chip-unit.html","title":{"rendered":"Toshiba says it is considering sale of majority stake in chip unit"},"content":{"rendered":"<h2 style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba says it is considering sale of majority stake in chip unit<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba says it is considering sale of majority stake in chip unit:- Toshiba Corp (6502.T) said on Friday it is looking to sell a majority stake in its prized flash memory chip business to plug a hole in its finances from a $6.3 billion <\/span><\/span><\/span><span style=\"font-family:arial,helvetica,sans-serif;\"><span style=\"color:#000000;\"><span style=\"font-size:18px;\">writedown<\/span><\/span><\/span><span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\"> of its U.S. nuclear unit.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The beleaguered conglomerate is &quot;aiming to make a final decision in early fiscal 2017,&quot; which starts in April, it said in a regulatory filing.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Toshiba will outline terms of the sale by the end of February, conduct <\/span><\/span><\/span><span style=\"font-family:arial,helvetica,sans-serif;\"><span style=\"color:#000000;\"><span style=\"font-size:18px;\">a first<\/span><\/span><\/span><span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\"> round of bids in March and aim to have chosen a preferred bidder or bidders by the end of May, a person with knowledge of the matter told Reuters earlier this week.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">A separate source said Toshiba wants to raise at least 1 trillion yen ($8.8 billion) to create a buffer for any fresh financial problems, with interest already received from investment funds, other chipmakers and client companies.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:8px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-toshiba-accounting-chips-idUSKBN1630B<\/span><\/span><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">7<\/span><\/span><\/span><\/p>\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-says-it-is-considering-sale-of-majority-stake-in-chip-unit.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 says it is considering sale of majority stake in chip unit Toshiba says it is considering sale of majority stake in chip unit:- Toshiba Corp (6502.T) said on Friday it is looking to sell a majority stake in its prized flash memory chip business to plug a hole in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[11574,11572,11573,14178],"class_list":["post-22944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-breaking-usa-tech-news","tag-latest-technology-news-usa","tag-tech-news-today","tag-toshiba-says-it-is-considering-sale-of-majority-stake-in-chip-unit"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/22944","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=22944"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/22944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/22946"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=22944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=22944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=22944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}