Toshiba to invest $3.2B on 3D flash memory factory

|About: Toshiba Corp. ADR (TOSYY)|By:, SA News Editor

Toshiba (OTCPK:TOSYY) is investing ¥360B ($3.2B) on a new factory for flash memory even as it deals with a record annual loss and other fallout from an accounting scandal.

The company expects the plant, which will make its proprietary 3D flash chips, to begin output no earlier than 2018.

Earlier: Toshiba to sell medical unit to Canon for $5.9B, but nuclear unit faces probe (Mar. 17 2016)

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