Toshiba to spin off chip business

Toshiba Corp. Chief Executive Satoshi Tsunakawa announces at a press conference in Tokyo on Jan. 27, 2017, that his company will spin off its cash-cow chip business in a move expected to raise funds for offsetting massive write-downs in its nuclear operations. "We will do whatever it takes, including increasing capital," Tsunakawa said. (Kyodo) ==Kyodo

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