September 6, 2017 / 5:28 AM / 2 months ago

Toshiba says to build new chip facility in northern Japan

TOKYO (Reuters) - Toshiba Corp said it has decided to build a new semiconductor manufacturing facility in Iwate, northern Japan, even as it seeks to sell its memory chip unit to raise funds.

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo

It is considering whether its chip joint venture partner SanDisk, owned by Western Digital Corp, will take part in the investment, it said in a statement.

Western Digital offered to drop out of a group bidding for Toshiba’s flash memory chip business after talks stalled, sources familiar with the matter said on Tuesday. Western Digital is instead seeking a stronger position in their joint venture, the sources said.

Reporting by Makiko Yamazaki; Editing by Edwina Gibbs

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below