Toshiba Might Sell Majority Of Semiconductor Business Following $6.3 Billion Nuclear Loss, Chairman Resigns

[It's me!]

Man, Toshiba just can't get it right. First, they had a huge accounting scandal, and now they are going to have to sell off their fabs after a SECOND scandal. 

Quote

 

Toshiba's woes continue to get worse. The company announced today that it is taking a $6.3 billion write-down due to losses in its nuclear business, and as a result, it may sell a majority stake in its semiconductor business.

We've already covered the company's announcement that it is spinning off its semiconductor business and planned to sell a 20% stake in the new outfit. At the time, Toshiba predicted its write-down to total "a few billion." The revised $6.3 billion projection, and the news that the company might sell a controlling stake of its NAND fabs, promises to send shockwaves through the semiconductor industry. 

 

 

http://www.tomshardware.com/news/toshiba-nuclear-chairman-loss-semiconductor-spin-off,33660.html

[SCHISCHKA]

some news agencies are reporting a pending bankruptcy if they dont sort their shit

[AnonymousGuy]

Would be a greath buy for Intel to buy some nand capacity.  Then again I have a feeling that nand isn't going to be in Intel's business future for very long.