Toshiba to Sell Ginza Building to Concentrate on Chip Production

Toshiba Corp. has made plans to sell a piece of very valuable property in Tokyo’s Ginza district, most famous for its department stores, boutiques, restaurants and coffee shops. The major consumer electronics maker is expected to sell the Ginza Toshiba Building, in order to focus on its semiconductor chip operations to the Tokyu Land Corp., a major real estate firm, for about 150 billion yen by the end of this year.

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