Canon May Invest In Toshiba's Chip Business

Friday, January 20, 2017

Canon May Invest In Toshiba's Chip Business

You are sending an email that contains the article
and a private message for your recipient(s).

Your Name:

Your e-mail:

* Required!

Recipient (e-mail):

*

Subject:

*

Introductory Message:

HTML/Text
(Photo: Yes/No)

(At the moment, only Text is allowed...)

Message Text:

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.