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Toshiba admitted intent to separate business from memory


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 Toshiba admitted intent to separate business from memory


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POSTER: computer news   ||    TOSHIBA ADMITTED INTENT TO SEPARATE BUSINESS FROM MEMORY

DATE:2017-01-28

After a series of rumors about the willingness Toshiba to sell part of the assets related to the production of memory chips, on the official website of the Japanese manufacturer has appeared a press release, which tells about the need to hold an extraordinary shareholders' meeting at the end of March, which will decide the question of memory manufacturing business unit.  Although the search for investors for further funding, too, has been on the agenda of any agreement reached will be reported separately.  As explained Reuters, CEO of Toshiba admitted willingness to sell about 20% stake in a newly created company, which will specialize in the production of memory.

Reforms will not affect the business of the production of image sensors for digital cameras.  Toshiba says that it should be sold, and other assets in order to find the money to cover the losses associated with the activities specializing in American nuclear power units.  However, the infrastructure assets in the field of water treatment, rail and elevator equipment will not be affected by the sale.  Interestingly, the third-party sources are cited as potential investors in the new company, the Division of Toshiba, not only to Western Digital Corporation, and Hon Hai Precision Industry (Foxconn).

Business Branch memory issue to be completed along with the fiscal year - March 31, 2017.  By Reuters with reference to the Japanese media said that the chairman of Toshiba Shigenori Shiga is ready to resign because of an "energy loss", forcing the company to sell assets.  The head of the US unit Westinghouse, too ready to follow the example of the Japanese leader.  The latter may have to resign in mid-February as specify sources.


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 Toshiba admitted intent to separate business from memory


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Related news:

The fate of Toshiba Memory can be solved to the next environment (2017-09-07)
In exchange for increasing the stake in the joint venture with Toshiba, Western Digital Corporation is ready to refuse to participate in the auction (2017-09-06)
By the end of the year Toshiba hopes to release a 14TB hard drive (2017-09-06)
The decision on the transaction between WDC and Toshiba can be made on August 31 (2017-08-27)
In pursuit of Toshiba Memory assets, Western Digital Corporation is ready to give up voting rights (2017-08-25)
Toshiba now hopes to sell the memory business of Western Digital Corporation (2017-08-23)
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Toshiba intends to expand memory production without WDC support (2017-08-04)
Toshiba promised in court in advance and in time to warn Western Digital about selling a business (2017-07-29)
Western Digital tries to find an approach to Toshiba through the Japanese authorities (2017-07-19)
Toshiba postpones sale of business on release of memory till July, 28th, at least (2017-07-17)
SK Hynix does not deny interest in buying a stake in Toshiba Memory (2017-07-13)
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Transaction on the sale of Toshiba Memory assets comes to a standstill (2017-07-08)
Toshiba requires Western Digital Corporation to recover damages of 1 billion (2017-06-29)
Toshiba Memory is unlikely to have time to negotiate with customers today (2017-06-28)
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Toshiba continues to hope for a constructive dialogue with Western Digital (2017-06-25)
In the official list of Toshiba Memory buyers appear only American and Japanese investors (2017-06-22)
SK Hynix may be among the favorites of the bidding for the assets of Toshiba Memory (2017-06-21)

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