The Wall Street Journal: Toshiba may spin off its semiconductor business

TOKYO — Embattled Japanese electronics conglomerate Toshiba Corp. said Wednesday it may spin off its core semiconductor unit to keep it competitive as the firm increasingly faces financial risks stemming from its nuclear reactor business.

“While nothing has been decided, we are considering a plan to spin off our memory business,” the company said in a statement, after the Nikkei Japanese business daily reported that the company was considering such a move earlier in the day.

Toshiba’s NAND memory operations are a core part of its business with demand expected to grow as more computers adopt the memory for data storage instead of traditional hard disc drives.

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