TOKYO -- Toshiba Corp. said Tuesday it has agreed with U.S. chip assembly company Amkor Technology Inc. to put on hold talks to sell its wholly owned semiconductor assembly unit in Malaysia due to the effects of the massive flooding in Thailand.
Toshiba made the decision as it needs to manufacture some semiconductors at Toshiba Electronics Malaysia Sdn. to make up for halted chip production at its Thai plant, which has suffered flooding damage and has suspended operations since Oct. 11.
Toshiba had agreed with Amkor to sell all shares in the Malaysian unit for several billion yen by early January next year.
"We will decide when to resume discussions by monitoring the situation," Toshiba spokesman Keisuke Omori said.