Toshiba sells off a stake in its memory business to WD

Toshiba today officially announced it will sell a yet-undisclosed portion of its flash memory business, including the SSD business of the Storage & Electronic Device Solutions Division, to Western Digital (WD).

Toshiba, which invented NAND flash memory in the early 1980s, said it is giving “full and careful” consideration about which assets will be transferred in the company split, so as to “not interfere with the operation” of the memory business after the transaction is finalized.

It decided to spin off its memory business to help that business grow through investments that WD, a maker of hard drives and flash memory devices, can make, the company stated.

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