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Samsung set to invest $7 billion in its NAND chip business in China

South Korean conglomerate Samsung Electronics has formally announced that it plans to invest $7 billion in its NAND memory chip…

Toshiba Corp. President Satoshi Tsunakawa (R) and Vice President Yasuo Naruke (L) arrive at a press conference to announce the spinning off its micro chip business at the company's headquarters in Tokyo on January 27, 2017. Toshiba said on January 27 it will spin off its memory chip business, following reports that the vast conglomerate is planning to sell a stake in the unit to repair its battered balance sheet. KAZUHIRO NOGI / AFP

Japanese trust banks set to sue Toshiba Corp over accounting scandal

A major Japanese multinational conglomerate has been forced to sell a minority stake in its memory chip business in order…