Feb 8, 2017

Hon Hai bids for struggling Toshiba's flash memory unit

Taiwanese electronics manufacturer Hon Hai Precision Industry Co. has bid to invest in the flash memory division of struggling electronics and machinery giant Toshiba Corp. The move, revealed Tuesday, comes after the company, also known as Foxconn Technology Group, acquired Sharp Corp. last year. ...

Trust banks plan ¥1 billion lawsuit against Toshiba

Jan 30, 2017

Trust banks plan ¥1 billion lawsuit against Toshiba

Mitsubishi UFJ Trust and Banking Corp. and an affiliated trust bank plan to sue scandal-ridden Toshiba Corp. for ¥1 billion over losses incurred from a major accounting scandal that sent its share price plummeting, a source close to the matter said Monday. The potential ...

Jan 27, 2017

Toshiba wants creditor banks to continue support beyond February

Struggling Japanese electronics and machinery maker Toshiba Corp. will ask creditor financial institutions to continue loans to the company in March and later, Jiji Press learned Thursday. The company is expected to make the request at a meeting with the creditors on Feb. 15, ...

Jan 25, 2017

Bank-related funds may invest in ailing Toshiba's flash memory unit

Investment funds established by Toshiba Corp.’s main creditor banks may invest in the company’s flash memory unit as the conglomerate prepares to spin off the operation, sources have said. Toshiba, facing huge potential losses related to its U.S. nuclear business, is likely to hold ...

Jan 18, 2017

Toshiba eyes spinning off flash-memory business

Toshiba Corp. is considering spinning off its key flash-memory business as part of efforts to make up for expected losses in its U.S. nuclear unit, a source familiar with the plan said Tuesday. Toshiba’s advanced NAND-type flash memory, which is used for devices such ...