Toshiba books first net profit in four years
The firm said it improved its balance sheet by recording ¥783.1 billion in shareholders’ equity at the end of March, staving off a risk of being delisted.
End of a chip boom? Memory chip price drop spooks investors
After a blistering year-and-a-half long surge, a sudden drop in some memory chip prices followed by Samsung Electronics Co.'s disappointing profit estimate is causing jitters among investors who had bet the chip boom would last at least another year. Amid news that the market has ...
Toshiba to invest ¥7 billion to obtain land in Iwate Prefecture for new flash memory plant
Toshiba Corp. said Thursday it will invest some ¥7 billion ($61.7 million) in the current fiscal year to procure and prepare land in Iwate Prefecture to build a new flash memory plant amid rising demand. The conglomerate said it is scheduled to start preparation work ...
Toshiba rides memory chip unit to 28-year high in operating profit
The electronics giant posts a half-year operating profit that topped a 28-year high, driven by performance from its memory chip business.
Bain says Western Digital legal protest threatens Toshiba joint venture
The Bain Capital-led consortium that's buying Toshiba Corp.'s chip unit warned Western Digital Corp. to give up attempts to overturn the deal and settle its legal claims if it wants the relationship to continue. The Bain group agreed to pay about $18 billion for the ...
Toshiba gains shareholder approval for crucial chip unit sale
Toshiba Corp. secured shareholder approval Tuesday for the sale of its chip unit to a Japanese-U.S.-South Korean consortium but kept mum about what alternatives to take if it fails to complete the deal before the end-of-March deadline to clear its excessive debt. The struggling conglomerate ...
Toshiba forecasts ¥110 billion annual loss from tax impact of chip unit sale to Bain consortium
Toshiba Corp. forecast an annual net loss of ¥110 billion ($968 million) after calculating the tax impact of selling its memory chip division to a group led by Bain Capital. The Tokyo-based company revised its forecast from an earlier estimate of ¥230 billion in net ...
Toshiba Memory to create 5,000 new jobs in Japan, Bain executive says
Toshiba Corp.'s semiconductor-making subsidiary will create up to 5,000 jobs in Japan after its planned sale to a consortium led by Bain Capital, an executive at the U.S. investment fund said Tuesday. The workforce additions at Toshiba Memory Corp. will take place at the company's ...
Western Digital's battle for Toshiba: A tale of threats and culture clashes
Steve Milligan was ready to declare victory. A statement was drafted and a photographer was getting lined up for a handshake ceremony planned in Tokyo. As the brash Silicon Valley executive prepared to announce the biggest deal of his career, a prominent Japanese newspaper ...
Western Digital takes fresh legal action against Toshiba after latest chip unit bid rebuffed
Western Digital Corp. said Wednesday it has taken legal steps against Toshiba Corp.'s investment in a new production site at their joint-venture chip plant, just hours after the Japanese firm rejected the California-based company's bid to acquire its semiconductor unit. Western Digital filed an arbitration ...
Bain names heavyweights Apple, Dell, Seagate as new partners in Toshiba chip bid team
Bain Capital has brought in Apple Inc., Dell Inc. and other technology heavyweights into a consortium seeking to buy Toshiba Corp.'s prized semiconductor unit, the U.S. investment fund said Friday. The move, aimed at bolstering the group's hand in its bidding war with Toshiba's business ...
