This Friday, the Board of Directors Toshiba will decide the fate of chip production

Toshiba plans to allocate the production of chips in an independent enterprise. The question submitted to the Board of Directors of the company scheduled for next Friday.

After separation of the chip production, the Japanese manufacturer expects to sell 20% of the company for $ 1.8 billion. About it reports Reuters with a reference to anonymous source familiar with the plans of the company. One of the potential buyers shares of the company Western Digital.

Selling shares of enterprises — one of the following Toshiba designed to compensate for the upcoming multi-billion dollar losses associated with operations in the U.S. division of Toshiba, working in the field of nuclear energy. According to various estimates, they range from 4.4 to 6 billion. The exact amount will be known on February 14, when it will be published quarterly report.

Source: Reuters

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