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Consortium buying Toshiba's memory business promises growth

The buyers of Toshiba Corp.'s memory device operations are promising to invest in technology development and manufacturing facilities to stay competitive, although they stopped short of giving a specific monetary amount or ...

Toshiba completes $21 bn sale of chip unit

Embattled conglomerate Toshiba on Friday completed the $21 billion sale of its prized chip unit to an investment consortium, a move seen as crucial to keeping the Japanese firm afloat.

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Toshiba Corporation (Japanese: 株式会社東芝, Tōshiba Kabushiki-gaisha?) (TYO: 6502) (pronounced: Toe-SHE-buh) is a Japanese multinational conglomerate manufacturing company, headquartered in Tokyo, Japan. The company's main business is in Infrastructure, Consumer Products, and Electronic devices and components.

Toshiba-made Semiconductors are among the Worldwide Top 20 Semiconductor Sales Leaders. Toshiba is the world's fifth largest personal computer manufacturer, after Hewlett-Packard and Dell of the U.S., Acer of Taiwan and Lenovo of China.

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