Toshiba is investigating radical options for restructuring in the wake of its 2015 accounting scandal and a massive write-down on the value of its US nuclear business. The company has confirmed that it is evaluating splitting its semiconductor business with longtime partner Western Digital, and that any entity created in a deal between the two tech companies would be eligible for an IPO at some future date. Toshiba's troubles date back to 2015, when the company announced it had lied about its earnings over the previous seven years and had overstated its total profits by $1.2 billion, along with improperly valuing inventory by an unspecified amounts. The scandal drove two of the company's former CEOs and eight other executives to resign their positions and wiped $8 billion off Toshiba's market value.