China Green-Lights Sale of Toshiba’s Chip Unit


Toshiba says Chinese antitrust officials have approved the sale of its microchip business, removing the last hurdle in the company’s plan to sell its highly profitable Toshiba Memory Corporation (TMC) (see “Toshiba Shareholders Approve Sale of Memory Chip Division to Cover Westinghouse Bankruptcy Losses”). The decision comes just days after Toshiba posted its 2017 financial results

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