• Kyodo

  • SHARE

Toshiba Memory Holdings Corp. is set to postpone its initial public offering to early next year, dropping its original target of the end of this year, due to poor earnings amid sagging demand for semiconductors, sources said Thursday.

The world’s second-largest producer of flash memory chips after Samsung Electronics Co. has seen sales of chips used in smartphones fall due to the trade dispute between China and the United States, the sources said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)