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Toshiba CEO: wants to close chip business sale by end-March

Reuters  |  TOKYO 

TOKYO (Reuters) - Toshiba Corp is still trying to sell its chip business by the end of the current fiscal year to next March, but has not decided what to do if those efforts fail, CEO Satoshi Tsunakawa said on Thursday.The conglomerate hopes auctioning its chip unit will help it pay debt and cover the impact of $6.3 billion in liabilities linked to Westinghouse, but talks on the sale have stalled. (Reporting by Makiko Yamazaki)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, August 10 2017. 12:45 IST