The company has begun accepting bids and already has some early interest.
Any sale would exclude Toshiba's NAND flash memory division but will include businesses related to LSI and discrete chips. Those chips are used in industrial machinery, cars and home appliances. Together, sales for those businesses were $2.78 billion for the fiscal year ended March 2015.
Toshiba will use any funds to focus on its flash memory production capacity and its storage business.
Source:
Reuters
Written by: Andre Yoskowitz @ 24 Jan 2016 21:41
