Advertisement
Singapore markets open in 7 hours 40 minutes

  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     

  • S&P 500

    5,197.21
    +16.47 (+0.32%)
     

  • Dow

    38,923.21
    +70.94 (+0.18%)
     

  • Nasdaq

    16,385.09
    +35.85 (+0.22%)
     

  • Bitcoin USD

    63,450.45
    +20.41 (+0.03%)
     

  • CMC Crypto 200

    1,316.97
    -48.16 (-3.53%)
     

  • FTSE 100

    8,313.67
    +100.18 (+1.22%)
     

  • Gold

    2,320.70
    -10.50 (-0.45%)
     

  • Crude Oil

    78.78
    +0.30 (+0.38%)
     

  • 10-Yr Bond

    4.4350
    -0.0540 (-1.20%)
     

  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     

  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     

  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     

  • Jakarta Composite Index

    7,123.61
    -12.28 (-0.17%)
     

  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

Toshiba in talks to sell chip business stake to Western Digital - source

Reuters
Toshiba's logo is seen at an industrial area in Kawasaki, Japan, January 16, 2017. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.

Toshiba said in a statement earlier that it had been considering various options for its memory business, including a spin-off, but that nothing concrete had been decided.

California-based data storage company Western Digital operates a NAND flash memory plant in the city of Yokkaichi in Mie prefecture with Toshiba.

(Reporting by Makiko Yamazaki; Editing by Himani Sarkar)