Toshiba to delay chip business sale to next year: Kyodo
February 15, 2017 at 06:18 am EST
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TOKYO (Reuters) - Toshiba Corp (>> Toshiba Corp) has decided to delay the sale of shares in its chip business to the next financial year or later, Japan's Kyodo news agency reported on Wednesday, without citing sources.
TOKYO (Reuters) - Toshiba Corp (>> Toshiba Corp) has decided to delay the sale of shares in its chip business to the next financial year or later, Japan's Kyodo news agency reported on Wednesday, without citing sources.
The Japanese conglomerate said on Tuesday it would book a$6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as itscrambles for cash to stay in business.
Previously it had only planned to sell about 20 percent.
Potential buyers include rivals such as SK Hynix Inc (>> SK Hynix Inc), Micron Technology Inc (>> Micron Technology, Inc.) as well as investment fund Bain Capital, according to sources.
(Reporting by Junko Fujita; Editing by Alexander Smith)
SK hynix Inc is a Korea-based company mainly engaged in the production and sale of semiconductor memories. The Companyâs major products include dynamic random access memory (DRAM), NAND flashes, as well as multi-chip packages (MCP), among others. In addition, the Company manufactures and sells complementary metal oxide semiconductor image sensors (CISs). CISs is used in mobile phones, notebooks, tablets, medical devices, digital single lens reflex (DSLR) cameras, camcorders, automobiles, security equipments, game machines, and home appliances. The Company distributes its products within the domestic market and to overseas markets, including America, Germany, UK, Japan, Singapore, India, and China.
SK HYNIX INC. 
