Cookie Consent by Free Privacy Policy Generator 📌 Toshiba Will Spin Off Some Of Its Memory Business

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📚 Toshiba Will Spin Off Some Of Its Memory Business


💡 Newskategorie: IT Security Nachrichten
🔗 Quelle: hardware.slashdot.org

Lucas123 writes: Toshiba, which invented NAND flash, plans to sell off an as-of-yet undisclosed portion of its memory business, including its solid-state drive unit, to Western Digital. Toshiba is spinning the business off to WD, a business ally, because it hopes in the long run the Toshiba-WD alliance will enable an expansion in NAND flash production capacity and increased efficiency in storage product development... Currently, Toshiba and WD together represent 35% of global NAND flash production; Samsung leads that market with 36% of production. "Toshiba wants to put its memory business in a more stable financial position," said Sean Yang, research director of DRAMeXchange. "Facing mounting operational and competitive pressure, the spun-off entity will be more effective in raising cash to stay afloat or expand"... Toshiba's solvency and fundraising ability are also in trouble because of a $1.9 billion accounting scandal and a multi-billion dollar loss related to a nuclear plant purchase. Last week, Toshiba announced its share price had tumbled 13% after reports that its nuclear power business had lost $4.4 billion.

Read more of this story at Slashdot.

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