Toshiba considers spinning off its memory business

Toshiba considers spinning off its memory business

Toshiba said it is considering splitting off its memory business into a separate company but added that nothing had been finalized at this point.

The Japanese company said Wednesday that it positions its memory unit as a focus business.

The announcement by Toshiba follows news reports that the company was planning to split its semiconductor  business. The company is considering selling a “partial stake” in its semiconductor business to Western Digital in the U.S., to raise funds for an impairment loss in its U.S. nuclear plant unit, reported Nikkei Asian Review.

The company may sell about 20 percent stake in the memory business for up to US$2.65 billion, and may consider listing it, according to the newspaper.

Toshiba, which is still recovering from an accounting scandal, is focused on nonvolatile memory like 3D flash memory, having first entered the flash memory market in 1984. It also makes wireless memory cards and USB flash drives.

Western Digital acquired last year SanDisk, which has been a long-term partner of Toshiba, with the two companies partnering in the fabrication of nonvolatile memories. The joint venture has provided SanDisk with stable NAND supply in volume and extends across memory technologies such as 3D NAND.

Western Digital said in 2015 that the acquisition of SanDisk would let it vertically integrate into NAND, and ensure long-term access to solid state technology at lower cost. Similar considerations may also be driving Western Digital's reported interest in Toshiba's memory business.

IDG Insider

PREVIOUS ARTICLE

«Pijul strives to be a simpler, safer Git

NEXT ARTICLE

WikiLeaks’ Assange confident of winning 'any fair trial' in the US»
author_image
IDG Connect

IDG Connect tackles the tech stories that matter to you

Add Your Comment

Most Recent Comments

Our Case Studies

IDG Connect delivers full creative solutions to meet all your demand generatlon needs. These cover the full scope of options, from customized content and lead delivery through to fully integrated campaigns.

images

Our Marketing Research

Our in-house analyst and editorial team create a range of insights for the global marketing community. These look at IT buying preferences, the latest soclal media trends and other zeitgeist topics.

images

Poll

Should companies have Bitcoins on hand in preparation for a Ransomware attack?