News and Topics

TOKYO—The Wall Street Journal reported on May 8 that “Toshiba Corp. officials have mostly given up on an $18 billion sale of the company’s chip unit” and are reviewing alternatives.

As announced on March 30, 2018 in “Update on the Signing of a Share Purchase Agreement for the Sale of Toshiba Memory Corporation,” Toshiba still intends to close the memory business transaction as soon as possible, and has not made any alternative policy decisions, including termination of the transaction under certain circumstances.