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Tokyo weighs public-private alliance for Toshiba chip bid

Joint offer would limit risk of ceding vital technology

| Japan

TOKYO -- A proposal has been floated here to make a joint bid for Toshiba's memory chip business by a Japanese consortium and select foreign partners to split the hefty purchase price while safeguarding key technologies -- a concern for Tokyo.

Toshiba's liabilities are all but certain to exceed its assets when the current fiscal year ends March 31. Besides selling its memory operations, the crisis-bound group is also considering taking overseas nuclear operations off its consolidated books, a measure that would pile on additional charges.

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