Toshiba Corporation (TSE:6502) is reportedly seeking to sell its chip business. Reuters reported that the electronics conglomerate has started accepting bids, with early interest shown by the Development Bank of Japan Inc. For the year ended March 31, 2015, these operations posted sales of $2.8 billion. The sale would exclude Toshiba's mainstay NAND flash memory operations, according to two people with direct knowledge of the matter and one person familiar with the discussions.