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Toshiba's memory chip factory in Yokkaichi, Japan. (Photo by Takuya Imai)
Toshiba in turmoil

Toshiba empire crumbles as talent, morale drain away

Rivals have forged ahead with investment as unit sale process has dragged

KOTARO HOSOKAWA and YUKIHIRO OMOTO, Nikkei staff writers | Japan

TOKYO -- Toshiba on Wednesday finally decided to sell its prized memory unit to a consortium led by U.S. investment fund Bain Capital, with South Korean chipmaker SK Hynix and Apple also on board. But the Japanese conglomerate faces a fresh set of challenges, including possible legal action and damage to key assets.

The chaotic, protracted bidding paralyzed Toshiba and sent employees heading for the exits. Rivals, meanwhile, have been busy setting up new factories.

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