Toshiba and Chip Unit

unit: The chip unit deal is subject to regulatory screenings in major markets, and a lengthy process may prevent the Japanese conglomerate from raising necessary funds in time, according to The Japan Times. Also looming ahead are challenges from a legal battle with Toshiba's longtime U.S. partner, whose bid for the unit has been rejected. ; Further concern about Toshiba's future is its perceived lack of leadership an impression made by the months-long bidding process for the chip unit, characterized by indecision and confusion, which came following a series of scandals, analysts said. But the embattled tech giant faces big hurdles ahead as it tries to fix its finances and remain a listed company. On Wednesday, Toshiba said it will sell Toshiba Memory Corp. to a Japan-U.S.-South Korean consortium for 2 trillion 17.8 billion after failing three times to meet a target date to announce a deal. But he also warned of lingering uncertainty, saying that Toshiba's chances of ending its financial crisis is still not 100 percent. Toshiba has taken a major step forward, said Hideki Yasuda, a senior analyst at the Ace Research Institute. (news.financializer.com). As reported in the news.