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Friday, January 20, 2017
Canon May Invest In Toshiba's Chip Business


Canon Inc is considering investing in Toshiba's chip business, Kyodo news agency reported on Friday.



The report comes as Toshiba begins preparations to sell a minority stake in its core chip business, aiming to raise funds ahead of an upcoming multi-billion dollar writedown.

Canon was not immediately available for comment.

A Toshiba spokesman said the company may split off its memory chip business and sell a stake but it cannot comment on the specifics of the process.



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