Company to gain $350 million for its portion of Nihon Unisys. Unisys plans to sell its 28% stake in its Japanese affiliate, Nihon Unisys, it announced Tuesday.The sale, which is due to be completed next week, is expected to bring in more then $350 million for the Pennsylvania company and is part of Unisys’ plan to divest non-core assets, it said in a statement. The money will be used to fund ongoing restructuring at the company.The relationship between the two companies won’t be affected by the deal and Nihon Unisys will remain the exclusive distributor of Unisys hardware and software products in Japan, Unisys said.Nihon Unisys, shares of which are publically traded in Tokyo, reported a net profit of ¥3.6 billion ($30.8 million) on sales of ¥241.8 billion in its 2005 financial year. Related content news Dell provides $150M to develop an AI compute cluster for Imbue Helping the startup build an independent system to create foundation models may help solidify Dell’s spot alongside cloud computing giants in the race to power AI. By Elizabeth Montalbano Nov 29, 2023 4 mins Generative AI news DRAM prices slide as the semiconductor industry starts to decline TSMC is reported to be cutting production runs on its mature process nodes as a glut of older chips in the market is putting downward pricing pressure on DDR4. By Sam Reynolds Nov 29, 2023 3 mins Flash Storage Flash Storage Technology Industry news analysis Cisco, AWS strengthen ties between cloud-management products Combining insights from Cisco ThousandEyes and AWS into a single view can dramatically reduce problem identification and resolution time, the vendors say. By Michael Cooney Nov 28, 2023 4 mins Network Management Software Cloud Computing opinion Is anything useful happening in network management? Enterprises see the potential for AI to benefit network management, but progress so far is limited by AI’s ability to work with company-specific network data and the range of devices that AI can see. By Tom Nolle Nov 28, 2023 7 mins Generative AI Network Management Software Podcasts Videos Resources Events NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe