• Kyodo

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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 as smartphones, has a leading share of the global market with one financial institution estimating its total value at ¥2 trillion (about $17.7 billion).

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