Getting rid of the major asset, even in part, smacks of desperation for Toshiba, because the fortunes of its PC, consumer-electronics and nuclear operations have worsened.
Toshiba is considering a stock-market listing or a transaction with another company but would seek to keep control of the operation.
The semiconductor business requires continuous investment to maintain its competitiveness against its rivals, but Toshiba’s ability to raise funds has been squeezed by the recent accounting scandal in which profits were overstated by US$1.3 billion.
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