Toshiba To Invest $3.2bn In New Japan Chip Facility

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Toshiba Company building
Toshiba Company building

TOSHIBA Corp said it plans to invest 360 billion yen ($3.2 billion) to build a new semiconductor facility in Japan, showing it wants to grow its chip business even as it eyes the sale of other units such as appliances and healthcare.

The investment will take place over three years, Toshiba said in a statement on Thursday.

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