Toshiba to pull out of system LSI chip business

© Reuters. The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo

TOKYO (Reuters) – Toshiba Corp (T:) said on Tuesday it will withdraw from the money-losing system LSI chip business as the industrial Japanese conglomerate aims to boost the group’s profit margins.

The business includes image recognition processors supplied to Toyota Motor Corp (T:), although Toshiba said it would continue sales and support operations for existing customers.

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