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Business

President kicks off overhaul on familiar turf: chips

Masashi Muromachi

TOKYO -- Toshiba is moving to unload a portion of its semiconductor business to start fixing a shaky profit structure once concealed by creative accounting.

     The Japanese company is nearing a deal to sell its image sensor business to Sony. President Masashi Muromachi, who hails from the semiconductor segment, has decided to start restructuring there first. White goods, personal computers and other underperforming product lines will come next.

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