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Toshiba Memory in line for funding to ensure Japanese sway

Development Bank of Japan weighs $2.7bn investment in chipmaker

Toshiba Memory is preparing for an IPO by March 2020.   © Reuters

TOKYO -- The Development Bank of Japan is considering an investment of up to 300 billion yen ($2.71 billion) in major semiconductor maker Toshiba Memory, sources familiar with the matter said on Thursday.

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