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Toshiba recovers from losses after Apple's investment offer
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Old 16th April 2017, 07:11   #1
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Default Toshiba recovers from losses after Apple's investment offer

But still faces a stock exchange delisting risk

Toshiba Corp’s shares finally recovered this week after Japanese broadcaster NHK reported that Apple is considering a multi-billion-dollar investment into the company’s semiconductor chip business.

Back in February, Toshiba revealed that it had been considering a split of its memory chip business into a separate company to help make up for a $6.56 billion write-down of its US nuclear equipment operations. In late December, the company’s shares fell more than 45 percent after revealing that it was balancing a four-part effort to get back to a profitable state.
The following month, Foxconn and TSMC both partnered up to place bids on shares of Toshiba’s memory business in an attempt to challenge Samsung’s dominance of the flash memory market. The collaboration team has been serious about its talks with Toshiba, but is not trying to force anything to happen.

http://fudzilla.com/news/43383-toshi...vestment-offer
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