Toshiba set to sign chip unit sale to US-SKorea-Japan group – report

TOKYO: Toshiba was set to sign a deal shortly to sell its prized memory chip business to a consortium of US, South Korean and state-backed Japanese investors, a leading business daily said Tuesday.

The loss-hit conglomerate is to sign the deal in the next couple of days in a crucial step to raise money for its revival, the Nikkei newspaper said.