Ailing Toshiba Weighs Spinoff of Mainstay NAND Flash Business

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Ailing Toshiba weighs spinoff of mainstay memory chip business in bid to raise funds
One option under consideration is to list the new entity, which would likely be established as a Toshiba subsidiary and take over the operation at the Yokkaichi plant in Mie Prefecture, the sources said Thursday. The Yokkaichi factory is jointly operated with U.S. semiconductor maker SanDisk Corp.