Toshiba Books $6.3 Billion Writedown on Nuclear Business

Toshiba is facing a financial crisis, announcing a $6.3 billion write-down in its nuclear power business and planning to sell a majority stake in its chip business. The chairman is stepping down, and the company is seeking a one-month extension to release its earnings. The situation is dire, with Toshiba's market value at risk of shrinking. A press conference is expected to address the uncertain costs of restructuring its nuclear division, Westinghouse.

What financial challenge is Toshiba currently facing?

• A $6.3 billion write-down in its nuclear power plant business

• A $10 billion loss in its automotive division

• A $5 billion fine from regulatory authorities

• A $3 billion investment in renewable energy

What significant decision did Toshiba make regarding its chip business?

• To merge with another leading chip manufacturer

• To invest heavily in new chip technology

• To sell a majority stake in its memory chip business

• To expand its chip business globally

What is the implication of Toshiba selling a majority stake in its memory chip business?

• Toshiba will become a leader in the chip industry

• Toshiba is becoming a shell of its former self

• Toshiba will enter the smartphone market

• Toshiba will focus more on its nuclear business

What is the main focus of the upcoming press conference?

• The expansion of Toshiba's automotive division

• The future of Toshiba's nuclear business

• The acquisition of a new company

• The launch of a new product line

What is the major concern regarding Toshiba's nuclear division?

• The development of new nuclear technology

• The cost of restructuring Westinghouse

• The launch of a new nuclear plant

• The partnership with a foreign company