Toshiba to sell chip business stake to Western Digital: Source

Western Digital operates a NAND flash memory plant in the city of Yokkaichi with Toshiba

Workers prepare the New Year's eve numerals above a Toshiba sign in Times Square Manhattan, New York City, U.S., December 26, 2016. Picture taken December 26, 2016. REUTERS/Andrew Kelly
Workers prepare the New Year's eve numerals above a Toshiba sign in Times Square Manhattan, New York City, U.S., December 26, 2016. Picture taken December 26, 2016 (Photo: Reuters)
Reuters TOKYO
Last Updated : Jan 18 2017 | 10:00 AM IST

Toshiba Corp is in talks to sell a minority stake in its flash memory business to US. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.

Toshiba said in a statement earlier that it had been considering various options for its memory business, including a spin-off, but that nothing concrete had been decided.

California-based data storage company Western Digital operates a NAND flash memory plant in the city of Yokkaichi in Mie prefecture with Toshiba.

More From This Section

First Published: Jan 18 2017 | 9:36 AM IST

Next Story