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Toshiba expects to complete chip unit sale by June at latest: exec

Reuters  |  YOKKAICHI, Japan 

YOKKAICHI, Japan (Reuters) - Toshiba Corp expects the sale of its $18 billion memory chip business to be completed by June at the latest, if not by an agreed deadline of the end of March, as it awaits antitrust regulatory approval from China."We've been making various efforts to close the deal in March," Yasuo Naruke, the head of Toshiba's chip unit, told reporters on Friday.Even if the deal did not close by then, it would close "at some point in April, May or June," Naruke said during his visit to a new chip R&D centre in central Japan. Toshiba agreed last year to sell the semiconductor ...

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First Published: Fri, March 09 2018. 12:31 IST
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