Toshiba mulls chip business stake sale to Western Digital

Toshiba mulls chip business stake sale to Western Digital

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

Toshiba Corp is looking to spin off its semiconductor business assets and sell a roughly 20 percent stake in the unit to Western Digital Corp for up to $2.7 billion, the Nikkei business daily reported on Wednesday.

Some U.S. investment funds are also showing interest in Toshiba’s semiconductor business, the Nikkei reported, citing sources familiar with the matter.

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