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Toshiba's memory chip business centers on its Yokkaichi complex near Nagoya.
Business

Toshiba shareholders approve spinning off chip business

Troubled Japan Inc. cog clears another hurdle on path to recovery

SHOTARO TANI, Nikkei staff writer | Japan

TOKYO -- Toshiba shareholders approved the conglomerate's plans to spin off its chip business, an important step in the 140-year-old corporation's battle to find a path back to recovery.

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