A troubled nuclear power station strategy in the USA has Toshiba considering the partial sale of its Japanese semiconductor business. Nikkei names Western Digital as a potential buyer along with several investment funds. The company hopes to get between US$1.77 and $2.65 billion for a 20 per cent stake in the business, Nikkei reckons. Memory is the bulk of the company’s chip business, which had revenue of 1.57 trillion yen (nearly $14 billion) in 2015. Western Digital would be a logical partner, since the two companies run a flash memory plant in Yokkaichi in the Mie Prefecture.
The Register 18th Jan 2017 read more »