Tagged With "Scandal"

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Toshiba, Desperate for Cash After Scandal, Will Sell Microchip Business

Art Post · 1/27/1711:14 PM

TOKYO — Ill-fated investments in nuclear power projects by Toshiba of Japan have already precipitated an embarrassing accounting scandal at the company. Now the company is selling its most valuable business to try to undo the damage. Toshiba, one of Japan’s oldest and proudest technology conglomerates, said on Friday it would spin off its microchip division. The business makes the information-storing “brains” inside millions of smartphones, digital cameras and other devices, and it has been...

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Toshiba, Desperate for Cash After Scandal, Will Sell Microchip Business

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