Toshiba considers spinning off its memory business

Toshiba said Wednesday it is exploring a spinoff of its memory business but added that nothing had been finalized at this point.

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

The announcement by Toshiba follows news reports that the company was planning to spin off 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 due to losses in its U.S. nuclear plant unit, the Nikkei Asian Review reported.

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