The Board of Directors of Toshiba has approved a plan for the allocation of production chips in the independent enterprise with the subsequent sale of parts

As expected, today the Board of Directors of Toshiba has decided the fate of chip production. In short, production will be allocated in the independent enterprise, after which approximately 20% will be sold.

This is just one of the steps Toshiba, aimed at compensation of a failed activity American division of the company working in the field of nuclear energy.

Toshiba is the second largest manufacturer of NAND flash memory in the world, and the release of chips brings him a significant part of the total income. Among those who might get a tidbit called private equity companies, business partner at Western Digital Corp and state-backed development Bank of Japan.

In the company hurry to make a sale before the end of the fiscal year, which will come on March 31 to prevent loss of private capital, and reduced by $ 3 billion as a result of the scandal reporting, thundered in 2015. However, according to analysts, the current sales will have only a short-term effect, so it is possible that Toshiba will continue to sell shares of the new company.

According to an anonymous informant, Toshiba estimate the production of chips 9-13 billion.

Source: Reuters



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