subscribe

Toshiba Votes to Sell Memory Business

Toshiba shareholders are voting in favour of separating the flash memory business from the rest of the company. The vote will allow the sale of the NAND chip unit which has been valued at ¥2 trillion ($18 billion). The meeting came a day after the company’s US unit Westinghouse filed for bankruptcy and shareholders took the opportunity to voice their anger and dismay over this failure.