Toshiba completes $21bn sale of chip unit

Embattled conglomerate Toshiba on Friday completed the $21 billion sale of its prized chip unit to an investment consortium, a move seen as crucial to keeping the Japanese firm afloat. The deal had been delayed while Chinese regulators examined whether it could violate anti-trust laws, but they finally granted approval in mid-May. “Toshiba hereby gives … Continue reading Toshiba completes $21bn sale of chip unit