Toshiba to sell chip JV to partner Motorola

Toshiba has confirmed it is taking to Motorola about selling the US giant its share of the two companies' joint chip production operation. The Japanese facility employs 1400 people, and is has racked up debts in the order of Y60 billion. Motorola would use the operation as the staging point for the sale of its chips to the Far East. In July, Toshiba agreed to buy IBM's 50 per cent stake in the two companies' US-based DRAM joint venture, Dominion. It already has a DRAM JV in development with Fujitsu. ®