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Toshiba Might Spin Off Its Semiconductor Business (fortune.com)

Posted by ryuzaki0 on from the musical-chair dept.

Toshiba is considering spinning off its semiconductor business and selling a partial stake in the unit to Western Digital, the Nikkei financial daily reported on Wednesday. From the report: Toshiba will sell a roughly 20% interest in the unit for about 200 billion yen-300 billion yen ($1.77 billion-$2.66 billion) while retaining a majority stake, the newspaper reported. Besides Western Digital, U.S. investment funds are also showing interest in Toshiba's semiconductor business, the Nikkei reported, sources familiar with the matter.

2 of 12 comments (clear)

  1. A little confused here... by TWX · · Score: 3, Insightful

    ...aren't semiconductors what basically underpin nearly all of Toshiba's products, and aren't their semiconductors routinely sold to other companies for their products as well?

    --
    Do not look into laser with remaining eye.
    1. Re:A little confused here... by slew · · Score: 3, Insightful

      Indecisive, partial solutions like this are typical of the Japanese management style, and are a big reason why Toshiba is in trouble in the first place.

      Aren't they in trouble because they overstated profits by about $2B in a giant corporate accounting scandal spanning 7 years and purging their CEO and board members?