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General

Toshiba still hoping to close sale of memory chip business asap

Monday 23 April 2018 | 10:55 CET | News
Addressing uncertainty in the market regarding the sale of its memory chip business, Toshiba said it still intends to close the transaction as soon as possible and has not decided in any concrete policy as an alternative, including terminating the deal. The company made the statement in response to multiple reports that said Toshiba could cancel the sale if it was not approved by China's anti-monopoly regulator or that that it would resubmit a revised application to the Chinese authority if approval was not received by the end of May. According to a statement from end March, Toshiba said it

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Categories: General
Companies: Toshiba
Countries: Japan / World
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