Toshiba to gradually sell Kioxia stake after ex-chip unit's IPO — sources
Toshiba Corp plans to gradually unwind its 40% stake in Kioxia Holdings after the world`s second-largest flash memory chip firm lists its shares in an IPO later this year.
The Japanese industrial conglomerate is considering distributing about half or more of after-tax proceeds from the sale back to shareholders, the sources told Reuters. Photo: Reuters