Universal Chiplet Interconnect Express (UCIe 1.0) Controller
Toshiba Mulls Chip Business Spinoff
Junko Yoshida, EETimes
1/17/2017 04:20 PM EST
MADISON, Wis. – Toshiba is considering a plan to spin off its chip business and sell a partial stake in the unit to Western Digital, reported Japanese financial daily newspaper Nikkei.
The Japanese conglomerate is facing a fiscal scramble triggered by a likely write-down on its U.S. atomic power operations owing to risks of cost escalation in plant construction.
Toshiba isn't planning to sell its semiconductor business as a whole. Instead, it's offering a roughly 20 percent interest for 200-300 billion yen ($1.77-$2.66 billion) while retaining a majority stake, Nikkei reported. Further the paper said, "Toshiba plans to keep the new company in group earnings. The unit could consider stock-market listing in the future.”
News of the plan to sell is already garnering interest both from Western Digital and several investment funds, according to Nikkei. Toshiba hopes to create the new chip business company as early as the first half of this year.
E-mail This Article | Printer-Friendly Page |
Related News
- Samsung Reportedly Mulls Foundry Spinoff
- Toshiba Considers Listing or Partial Sale of Chip Business
- No fab for Qualcomm but firm mulls business evolution
- Hitachi, Toshiba and Renesas Start Joint Study on Semiconductor Foundry Business
- Toshiba Licences High-Performance ARM Core For Custom SoC Business
Breaking News
- After TSMC fab in Japan, advanced packaging facility is next
- A System On Module (SoM) developed by Electra IC: BitFlex-SPB-A7 FPGA SoM
- Weebit Nano to demo its ReRAM technology on GlobalFoundries' 22FDX® platform
- SoC Secure Boot Hardware Engine IP Core Now Available from CAST
- QuickLogic and Zero-Error Systems Partner to Deliver Radiation-Tolerant eFPGA IP for Commercial Space Applications
Most Popular
- Former Moortec executives create chip monitor startup
- PrimisAI Unveils Premium Version of RapidGPT, Redefining Hardware Engineering
- Arteris Expands Ncore Cache Coherent Interconnect IP To Accelerate Leading-Edge Electronics Designs
- Arm Announces New Automotive Technologies to Accelerate Development of AI-enabled Vehicles by up to Two Years
- Arm's Broadest Ever Automotive Enhanced IP Portfolio Designed for the Future of Computing in Vehicles