Toshiba to consolidate NAND memory production

Toshiba's memory-chip business returned a profit in the nine months to December, reversing losses seen a year earlier as cost reductions and price stability in the flash markets helped significantly improve results, it said last week.

Overall Toshiba's electronic devices division, which includes its flash memory operations, saw sales slide 12 percent in the nine months to December and operating losses of ¥46 billion (US$509 million).

The better results from the flash memory business led Toshiba to halve its loss forecast for the electronic devices division for the current fiscal year. It now expects the division to lose ¥30 billion in the year to the end of March. Overall Toshiba expects to record a profit of ¥100 billion for the same period.