February 19, 2008 / 12:07 AM / 11 years ago

Toshiba to announce HD DVD pullout on Tuesday: report

A silhouette of a shopper is reflected in an advertisement board of Toshiba Corp's HD DVD at an electronics shop in Tokyo February 18, 2008. Japan's Toshiba Corp will announce plans to cease production and sales of HD DVD players on Tuesday, the Nikkei business daily said. REUTERS/Issei Kato

TOKYO (Reuters) - Japan’s Toshiba Corp (6502.T) will announce plans to cease production and sales of HD DVD players on Tuesday, the Nikkei business daily said.

Toshiba, the world’s No.2 maker of NAND flash memory, will also announce plans to build new NAND factories in a bid to overtake South Korea’s Samsung Electronics Co Ltd (005930.KS), the paper said.

Reporting by Mayumi Negishi

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