Toshiba seeking $8.8b for majority stake in chip unit

Toshiba seeking $8.8b for majority stake in chip unit

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

Toshiba Corp wants to raise at least 1 trillion yen ($8.8 billion) from the sale of a majority stake in its flash memory chip business as a buffer against any fresh financial problems, a source with direct knowledge of the matter said.

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