Canon May Invest In Toshiba's Chip Business

Enterprise & IT Jan 20,2017 0

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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