Toshiba Corp. said Thursday that one of its subsidiaries saw 414 employees apply for an early retirement plan, surpassing the 350 the company had estimated. Toshiba Electronic Devices & Storage Corp. received applications for the program from workers aged 45 or older between July and ...
Chile taps China and Japan in lithium-for-tech push but faces tough sell
Chile is making a renewed push for investment in battery technology in return for access to its lithium deposits, piquing interest from China, Japan and Europe as global firms look to tie up supply of the metal vital for the shift to electric vehicles. The ...
The Financial Services Agency decided Tuesday to demand greater accountability from audit firms that check corporate financial reports, by revising auditing standards. The decision, made at an FSA accounting council meeting, came after Toshiba Corp.'s auditor drew criticism from domestic and overseas investors for its ...
Tepco, Chubu Electric, Toshiba, and Hitachi to discuss four-way nuclear business alliance
Tepco, Chubu Electric Power, Toshiba Corp. and Hitachi Ltd. said Wednesday they have agreed to discuss potential collaboration on nuclear power, as the industry faces a challenging business environment following the 2011 Fukushima crisis. Amid lingering safety fears over nuclear plants, Tokyo Electric Power Company ...
Tepco and three other companies considering joint firm to build nuclear power plant in Aomori
Tokyo Electric Power Company Holdings Inc. and three other companies are considering jointly setting up a new firm to construct and manage a planned nuclear power plant in Aomori Prefecture, informed sources said Thursday. The three partners are Chubu Electric Power Co., Hitachi Ltd. and ...
Toshiba logs ¥140 billion net loss in April-June on poor chip demand
Toshiba Corp. reported a net loss of ¥140.23 billion ($1.3 billion) for the April-June quarter, weighed down by the sluggish performance of its affiliated semiconductor business amid the escalating U.S.-China trade war. The technology conglomerate said on Wednesday that the red ink came also after ...
Toshiba Memory to postpone IPO to next year due to low chip demand amid trade disputes
Toshiba Memory Holdings Corp. is set to postpone its initial public offering to early next year, dropping its original target of the end of this year, due to poor earnings amid sagging demand for semiconductors, sources said Thursday. The world's second-largest producer of flash memory ...
EU fines Canon €28 million for regulatory oversights in 2016 acquisition of Toshiba subsidiary
The European Commission said Thursday it had fined Japanese imaging product-maker Canon Inc. €28 million (about ¥3.4 billion) over its 2016 acquisition of a Toshiba Corp. subsidiary. The commission, the executive branch of the European Union, said Canon partially implemented the acquisition of Toshiba Medical ...
Little AI things for life adjustments
A portable breathalyzer that offers drinking advice, an app that will sort out all your photos, and a hearing aid that can translate 27 languages — all with a little help of AI.
U.S. and China harden their stands on Huawei as tech war intensifies
The United States and China hardened their stances over Huawei Thursday as Washington brushed aside claims of "bullying" and accused the Chinese tech giant of misrepresenting its ties to the Beijing government. The world's top two economies stepped up their rhetoric following President Donald Trump's ...
Toshiba net profit up 26% in fiscal 2018 after selling chip unit
Toshiba Corp. said Monday its group net profit in the year ended March rose 26 percent to a record ¥1.01 trillion after selling its prized chip unit in June. The technology conglomerate's bottom line was boosted by the ¥2 trillion ($18 billion) sale of Toshiba ...
