Toshiba agrees to sell memory chip business for $18B but must overcome a few more obstacles

Toshiba’s struggles to maintain status on the Tokyo Stock Exchange In 2006, Toshiba acquired Westinghouse’s nuclear subsidiary with the hope they would be able to participate in nuclear projects in the United States. Subsequently, the nuclear subsidiary has filed for bankruptcy after experiencing a rough year of cost overruns and price surges on projects in Georgia and South Carolina; projects that were supposed to be completed by early 2017 but are barely half-finished. This has caused Toshiba to take drastic measures in order to maintain the health of their broader business, including being able to maintain their listing on the