Facing massive writedown, Toshiba to partially sell memory chip business

Facing massive writedown, Toshiba to partially sell memory chip business

Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo September 14, 2015. REUTERS/Toru Hanai/Files

Toshiba Corp’s board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business.

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