Apr 16, 2017
Can Toshiba escape the clutches of corporate Japan's zombie hordes?
Toshiba is already the "Walking dead" financially, says Gerhard Fasol, chief executive of Eurotechnology Japan: "Action should have been taken 20 years ago". Toshiba President Satoshi Tsunakawa has no other choice but to sell off some prized parts if he wants to keep the company afloat and alive. Toshiba is in the process of auctioning off its semiconductor unit, which makes memory chips for smartphones, computers and other electronic devices. The chip sale is now said to be facing opposition from various stakeholders, including US firm Western Digital, which has a joint venture deal with Toshiba. Mr Anvarzadeh believes Toshiba should be allowed to sell the unit to Foxconn, because it is willing to pay the highest price.
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