Inactive Instrument

Toshiba

Equities

6502

JP3592200004

Canon considering investment in Toshiba's chip business: Kyodo

January 20, 2017 at 04:22 am EST

TOKYO (Reuters) - Japan's Canon Inc (>> Canon Inc) is considering investing in Toshiba Corp's (>> Toshiba Corp) chip business, Kyodo news agency reported on Friday.

The report, which did not cite any sources, comes as Toshiba begins preparations to sell a minority stake in its core chip business, aiming to raise funds ahead of an upcoming multi-billion dollar writedown.

A representative for Canon was not immediately available for comment.

A Toshiba spokesman said the company may split off its memory chip business and sell a stake but it cannot comment on the specifics of the process.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

Stocks treated in this article : Canon Inc, Toshiba Corp

Latest news about Toshiba

Toshiba Unveils New Design - New Air Fry Microwave Oven at European Trade Conference 2024 Meeting in Greece	Mar. 25	CI
Toshiba sees power chips as immediate growth driver after $14 bln buyout	Dec. 22	RE
Toshiba Corp. Delisting its Shares from Tokyo and Nagoya Stock Exchange Effective Wednesday	Dec. 20	MT
Global disinflation cheer as records break	Dec. 20	RE
Toshiba shares delisted after 74 years	Dec. 20	RE
Toshiba delisted after 74 years, faces future with new owners	Dec. 19	RE
From scandal to delisting: Toshiba's long-running crisis	Dec. 19	RE
Toshiba to be delisted after 74 years, faces future with new owners	Dec. 19	RE
In buying Toshiba, a little-known fund takes on Japan Inc's toughest job	Dec. 19	RE
Toshiba Corporation(TSE:6502) dropped from FTSE All-World Index	Dec. 18	CI
Toshiba Appoints Former Mitsubishi CFO as Senior EVP; CEO Shimada to Retain Role	Dec. 14	MT
Toshiba Announces JIP-Led Management Board Members	Dec. 14	CI
Toshiba Corporation Announces Management Resignations	Dec. 14	CI
Toshiba to retain Shimada as CEO, get 4 board members from JIP	Dec. 13	RE
Toshiba says President Shimada to remain in post after going private	Dec. 13	RE
Toshiba Reportedly Set to Appoint Former Mitsubishi CFO as VP for Its Revival Efforts	Dec. 13	MT
Rohm, Toshiba to Form 388.3 Billion Yen Partnership to Boost Power Chip Supply	Dec. 10	MT
Industrials Climb on Deal Activity -- Industrials Roundup	Dec. 08	DJ
Japan's Commerce Ministry Hails ROHM, Toshiba Collaboration to Strengthen Semiconductor Supply Chain	Dec. 08	MT
North American Morning Briefing : Futures Pause Ahead of Jobs Report	Dec. 08	DJ
Toshiba, Rohm to Invest $2.69 Billion to Make Power Devices in Boost to Japan Chip Industry	Dec. 08	DJ
Toshiba, Rohm to invest $2.7 bln to jointly produce power chips	Dec. 08	RE
Rohm Shares Climb After Reports of Joint Power Chip Production With Toshiba	Dec. 07	DJ
Toshiba to invest in Rohm's new power chip plant in Japan's Miyazaki -sources	Dec. 07	RE
HSBC tests protecting FX trading from quantum computer attacks	Dec. 06	RE

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Company Profile

Toshiba Corp is a Japan-based company mainly engaged in energy system solutions business and other businesses. The Company operates in six business segments. The Energy System Solutions segment provides thermal power generation systems, nuclear power generation systems and hydroelectric power generation systems. The Infrastructure System Solutions segment provides water and sewage systems, broadcasting systems, radio equipment, environmental systems, road systems, transportation equipment, and battery systems. The Retail & Printing Solutions segment provides point-of-sale (POS) systems, multifunction devices. The Storage & Device Solutions segment provides power devices, small signal devices, optical semiconductors, mixed signal integrated circuits (ICs), hard disk drives (HDDs), semiconductor manufacturing equipment. The Industrial ICT Solutions segment provides information technology (IT) solution services. The Others segment provides logistics services.

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