Tough times: These steps are part of Toshiba's efforts to offset an upcoming multibillion dollar writedown for its US nuclear business.
TOKYO: Toshiba Corp's board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200bil yen (RM7.98bil) by selling a 20% stake in it, a person with direct knowledge of the matter said.
The drastic measures are part of its efforts to offset an upcoming multibillion dollar writedown for its US nuclear business.
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