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Canon Unlikely To Help Toshiba With Investment In Memory Chip Business

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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FILE PHOTO: A man walks past a showroom of Japanese imaging and optical products manufacturer Canon in TokyoBy Kentaro Hamada and Tim Kelly TOKYO (Reuters) - Japan's Canon Inc said would be difficult to invest in Toshiba Corp's memory chip business, dousing hopes that the struggling conglomerate could count on its business partner for help as it scrambles for funds to offset a multi-billion dollar writedown. Toshiba said last week it plans to sell a stake of less than 20 percent in the business - the world's No. 2 NAND flash memory producer after Samsung Electronics Co Ltd and which accounts for the bulk of its operating profit.




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