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Toshiba President and CEO Satoshi Tsunakawa, right, and Senior Executive Vice President Yasuo Naruke hold a news conference in Tokyo on Jan. 27.
Toshiba in turmoil

Toshiba chip unit looks for a bright new spark

Cut loose from ailing parent, Japanese manufacturer needs leadership to survive

KOTARO HOSOKAWA, Nikkei staff writer | South Korea

TOKYO -- Toshiba will spin off its core memory chip business at the end of March, a move seen as a big gamble for the Japanese conglomerate given the 300 billion yen ($2.61 billion) a year the unit spends on research and development, and capital investment.

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