![]() Toshiba’s $5.4 billion acquisition of Westinghouse in 2006 was a bet on the future of nuclear power and a way to balance volatility of chip operations with steady long-term revenues. The company didn’t disclose earnings for the division in the most recent quarter. Memory chips generated 50.1 billion yen in profit in fiscal first half, accounting for more than half of total operating income profit in the period. ![]() NAND flash memory, used in smartphones and solid state disk drives, is one of the few bright spots in Toshiba’s sprawling portfolio, which also includes personal computers, TVs, railway systems and elevators. Strategic investors and foreign private equity funds are among the potential bidders, according to people with knowledge of the matter. Toshiba has said it will separate the chip unit by the end of March and hold a shareholders’ meeting that month. The company has previously planned to limit the sale to 20 per cent to maintain control. In a sign of how bad things are, Toshiba said it is considering selling a majority stake in its memory chip business. There is also the question of why the nuclear writedown happened in the first place.” “Investors want to know what will happen to nuclear and chip businesses, whether elevator operations and some of Toshiba’s listed subsidiaries will be sold off. “The questions surrounding Toshiba are so numerous, where do you even begin,” said Masahiko Ishino, an analyst at Tokai Tokyo Securities.
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