As nuclear loss grows, Toshiba needs chip investors, soon

Chip sale: Toshiba could sell 20-30% of its chip business. — Reuters

TOKYO: With mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones.

But its rush to plug a hole in its US nuclear business that Japanese media now estimate at as much as US$6bil (RM26.6bil) may complicate any asset sale.