TOSHIBA TO SPIN OFF Memory Chip Business

摘要

TRYINO TO CHOKE off billions of losses from its nuclear power plant projects, Toshiba says it will spin off its memory chip business and seek out a cash infusion from outside investors. The move comes after Toshiba said in January that it was preparing to write down several billion dollars related to construction delays on four nuclear reactors and the 2015 acquisition of a nuclear power construction firm, CB&I Stone and Webster.