Toshiba to sell its memory business
Toshiba Corporation has announced that it is to sell its memory business, which includes the solid state device (SSD) business later this year. The company’s image sensor part of the business will not be included in the sale.
The memory business is a key focus for the company, which has invested in production of 3D BiCS flash memories, as well as NAND and NOR flash memory technologies, with MC and SLC NAND-based storage devices, such as SDHC, SDXC (pictured), microSD and FlashAir wireless memory cards and USB flash drives, found in smartphones, MP3 players, sat-nav systems, digital still cameras and digital video recorders.
Most industry commentators cite losses in the company’s US nuclear business as reason for the sale.
Details of the sale are still vague, with no details available of capital stock or sale price. Last year, the memory business generated sales of 845.6billion yen or $3.5bn.