Toshiba Corp., Tokyo, Japan, said it will dissolve in September three US chip subsidiaries following its decision late last year to completely withdraw from the commodity-grade DRAM business.

The Japanese electronics maker has already factored the related losses into its earnings forecasts for last fiscal year ended March, a company spokesman said.

Toshiba said in December it would sell Dominion Semiconductor LLC, a 100%-owned DRAM unit in the US, to Micron Technology Inc. by the end of January, Dow Jones reported.

Toshiba is moving operations and facilities of the 50:50 flash memory joint venture with SanDisk Corp., Flash Vision LLC, headquartered at Dominion’s plant in the US, to its Yokkaichi plant.

Toshiba said it will liquidate Flash Vision in the US and has formed a new Japan-based JV under the same name and at the same investment ratio.

The new joint venture, to be capitalized at about 39 billion yen, plans to start around July production of NAND-type large-capacity flash memories. The flash memories will be used for compact memory cards slotted in a wide range of consumer products, including mobile phones, personal computers and portable video recorders, reported Dow Jones.

The other two units to be liquidated are Semiconductor North America Inc. and Semiconductor America Inc., Toshiba said.

The two units had investments in Dominion, and were engaged in the sales of chips manufactured there to the parent.