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 The electronics conglomerate has started accepting bids, with early
interest shown by the Development Bank of Japan Inc, said the
sources, who declined to be identified because they are not
authorized to talk to the media.
The state-owned bank has already invested in Seiko Holdings Corp's
semiconductor operations.
The sale would exclude Toshiba's mainstay NAND flash memory
operations, according to two people with direct knowledge of the
matter and one person familiar with the discussions.
On the block are businesses that handle system LSI and discrete
chips, which are widely used in cars, home appliances and industrial
machinery. The loss-making operations posted sales of 330 billion
yen ($2.78 billion) in the year ended March 2015.
A Toshiba spokesman told Reuters the company hasn't made a decision
yet on the sale of its chip operations, while a spokeswoman at the
Development Bank of Japan declined to comment.
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Following the accounting scandal, Toshiba has been focusing on
nuclear and other energy operations, as well as its storage
business, which centers on NAND flash memory chips used in smart
phones.
The Tokyo-based company, which is selling off non-core chip
operations, plans to invest heavily in its flash memory production
capacity in Japan to better compete with South Korea's Samsung
Electronics Co Ltd.
(Reporting by Kentaro Hamada, Makiko Yamazaki, Taiga Uranaka;
Writing by Kiyoshi Takenaka; Editing by Shri Navaratnam)
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