Toshiba Reopens Sale Negotiations With Foxconn for Chip Unit
The unit could fetch as much as $18 billion.

Toshiba Corp. (TOSYY)  disclosed that it has reopened negotiations with Foxconn Technology (FXCOF) and Western Digital Corp. (WDC) over the sale of the company's chip unit.

The company had previously said that a Japanese-led group was in the lead position in negotiations. 

The disclosure could indicate the company is having trouble selling the unit, which Toshiba has said is necessary for the company to continue to operate after its nuclear unit Westinghouse went bankrupt. 

Analysts have said that the unit could fetch as much as $18 billion. 

Watch More with TheStreet:

More from Stocks

A Hungry Grizzly Bear Is Stalking the Stock Market

A Hungry Grizzly Bear Is Stalking the Stock Market

Tesla Has Lost 15% Since Musk's Take-Private Tweet

Tesla Has Lost 15% Since Musk's Take-Private Tweet

Why Most Americans Like a Volatile Stock Market: Study

Why Most Americans Like a Volatile Stock Market: Study

Should Retirees Invest in the Tech Sector?

Should Retirees Invest in the Tech Sector?

Here's How to Trade Walmart, Nordstrom, Macy's and J.C. Penney After Earnings

Here's How to Trade Walmart, Nordstrom, Macy's and J.C. Penney After Earnings