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Business

Toshiba seeking investment in chip biz from Western Digital

Japanese company weighing business spinoff

| Japan

TOKYO -- Toshiba is considering spinning off semiconductor operations and selling a partial stake to Western Digital as it tries to cope with a massive impairment loss in its U.S. nuclear power unit.

The new chip business company will be created as early as the first half of this year. Besides global hard-drive leader Western Digital of the U.S., investment funds are also showing interest, according to sources familiar with the matter.

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