ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

Toshiba announces possibility of memory business spinoff

Measures needed to cope with nuclear power unit impairment loss

TOKYO -- Toshiba said on Wednesday that it might spin off its memory business, adding that no concrete plans have been decided yet.

The Japanese electronics maker made the comment after The Nikkei reported that the company is considering spinning off semiconductor operations and selling a partial stake to Western Digital to cope with a huge impairment loss in its U.S. nuclear power unit.

Toshiba has designated memory chips and energy-related equipment as the two pillars of its business. The Nikkei reported that Toshiba will likely retain a majority stake in the spun-off unit and keep the new company in group earnings. 

On Wednesday morning in Tokyo, Toshiba's shares rose 13.9 yen, or 4.9%, at one point to 295.6 yen.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media