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 ...
China's ENN Ecological pulls out of plan to buy Toshiba's LNG business in U.S.
Chinese chemicals maker ENN Ecological Holdings Co. is scrapping a plan to buy Toshiba Corp.'s liquefied natural gas operations in the United States, the Japanese firm has said. The Chinese company notified Toshiba of its decision, citing "considerable uncertainty" partly caused by the delayed completion ...
Toshiba Memory to draw ¥1.3 trillion in bank loans before going public
Toshiba Memory Holdings Corp. is set to draw a total of ¥1.3 trillion ($11.7 billion) in loans from four Japanese banks, sources familiar with the situation said late on Wednesday. With the additional funds, the former chip unit of Toshiba Corp. will step up preparations ...
Toshiba's Indian arm breaks ground on major Manila sewage treatment facility
Toshiba Infrastructure Systems & Solutions Corp.'s Indian arm has begun building one of the largest sewage treatment facilities in the Manila area in partnership with two local contractors. The three-party consortium has taken on the construction of a 2.1 billion peso (¥4.4 billion) plant in ...
Toshiba Corp. investor King Street Capital Management plans to nominate a slate of independent directors to replace a majority of the manufacturer's board, ratcheting up the hedge fund's first public activist campaign. Among the nominees will be Brian Higgins, co-founder of the fund, which manages ...
In aftermath of Fukushima triple meltdown, Japan's nuclear industry faces fierce headwind
This is the last in a five-part series examining how the northeast and the nation are progressing with efforts to deal with the March 2011 earthquake, tsunami and nuclear crisis. Even after the Fukushima No. 1 crisis in March 2011 forced Japan to rethink its ...
