Toshiba is considering selling the chip sector share

Toshiba Corporation (Toshiba) said on Friday it is considering selling its stake in the semiconductor sector, raising funds for addressing delays long accounting scandal.

Toshiba CEO Muromachi Masashi (Masashi Muromachi) that Toshiba prepared by stock sales or by way of trade with other companies, sold shares in the chip sector. In recent years, as the subsidiary of Toshiba personal computers, consumer electronics and nuclear power projects performance deterioration, the semiconductor sector was Toshiba's main source of income.

Muromachi Masashi said at a news conference, Toshiba will be holding the chip sector, shares and there are no pending transactions. He said: "the chips is Toshiba's core sectors, so our group will not completely abandon the sector. ”

Toshiba to Apple (AAPL) and other smart phone manufacturers selling memory chips, semiconductor industry requires ongoing investments to keep oriented to Samsung Electronics (Samsung Electronics) competitors such as competitiveness.

In the aftermath of the accounting scandal, Toshiba's ability to raise funds has been shrinking. The company said, lied about within the last 7 years of 155 billion yen ($ 1.3 billion). In the wake of the scandal, Toshiba political reshuffle this summer, but the company still continue to influence in this matter.