Ron Burgundy Posted January 22, 2017 Share Posted January 22, 2017 By Makiko Yamazaki and Kentaro Hamada TOKYO (Reuters) - With mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones. Toshiba, which warned last month of multi-billion dollar charges for U.S. nuclear project cost overruns, wants to boost its capital base by the end of the financial year in March. Failure to offset the nuclear hit could wipe out already thin shareholder equity and push the company into negative net worth - jeopardizing its role in public infrastructure projects and its place on the Tokyo Stock Exchange's 'first section', for larger companies. View the full article Quote Link to comment Share on other sites More sharing options...
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