Toshiba unveils new plan to split into two companies; aims to complete division by 2022-23 financial year
Toshiba's latest plans cap years of turmoil for the group, which dates back to 1875 and was once a symbol of Japan's advanced technological and economic power
Still heavily reliant on fossil fuels, Japan is still reeling from public anger over the 2011 Fukushima meltdown, which put all its nuclear reactors temporarily offline.
Argyle had previously opposed Toshiba’s sale of its chip business to a Bain Capital-led group.
Toshiba Memory had in September reaffirmed the company’s plan to go public in two to three years.
The latest iPhones also had DRAM and NAND memory chips from Micron Technology.
iPhone manufacturer Foxconn attempts to reinvent itself, faces major risks as Apple diversifies its supplier base
Foxconn, the Taiwanese contract manufacturer is trying to reinvent itself as smartphone sales plateau as Apple is now diversifying its supplier base.
Sharp to buy Toshiba PC business for $36 million, marking a return to a business it quit eight years back
Toshiba told Reuters it outsourced PC production until 2015, and currently builds PCs at its own plant in China.
Toshiba raised $5.4 billion from a share issue to foreign investors late last year and it had now decided it did not need to go through with the sale.
Hong Kong-based investment fund says Toshiba's $18 billion chip sale is worth double its agreed price
Argyle Street Management, with $1.3 billion under management, has been urging Toshiba to reconsider and opt to list the prized unit instead.
Toshiba will not cancel the $18 billion sale of its memory chip unit unless there is any 'major material change'
Toshiba was unable to complete the sale to a consortium led by Bain Capital LP as it was still waiting for approval from China’s anti-monopoly regulator.
Failure to meet the deadline gives Toshiba the option of walking away from the sale of the world’s No. 2 producer of NAND chips without penalty.
Toshiba's deadline for winning the Chinese antitrust approval concerning its $18 billion chip sale is today
A Toshiba spokesman said the company continues its effort to close the deal by the end of this month. Bain declined to comment.
Toshiba agreed last year to sell the semiconductor business to a consortium led by U.S. private equity firm Bain Capital.
For Toshiba audio products, India is a strategic growth market which is estimated to reach billion dollar mark by 2020, he added.
Toshiba to consider an IPO for its memory chip unit if $18 billion sale fails to gain antitrust approval by March
A Toshiba spokeswoman said there had been no change in its efforts to complete the sale of the chip unit.
Toshiba’s board has approved a framework for a settlement and is aiming to reach a final agreement by next week.
Toshiba and Western Digital are close to settling their legal dispute over the sale of an $18 billion semiconductor unit
But Western Digital, Toshiba’s chip joint venture partner and a jilted suitor in the auction of the unit, argues that no deal can proceed without consent.
Without funds from the sale, it may end the year in negative net worth for the second time, putting pressure on the Tokyo Stock Exchange to delist it.
Toshiba maintained its full-year operating profit forecast of 430 billion yen, of which 419.4 billion yen would come from memory chips.
The iPhone X teardown also shows off Apple's new TrueDepth camera system on the front of the device, the technology that powers its Face ID authorization.