We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.
Newsroom
Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.
HL Podcast
HL Insight
Toshiba Corp sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand, its chief executive said on Friday, as the Japanese industrial conglomerate was taken private.
Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
Published by
22 Dec 2023
«We want to expand (production) capacity for power chips as quickly as possible,» Chief Executive Taro Shimada told a press conference held to mark the completion of a $14 billion buyout by private equity firm Japan Industrial Partners (JIP).
Toshiba plans to spend 125 billion yen ($175.57 million) to more than double power chip production, aiming to catch up with power chip giants such as Infineon Technologies AG.
«We will make optimal resource allocation to growth areas and potential profit both in Japan and overseas,» he said, adding that the company aims to quickly achieve a return on sales of 10% or more.
When asked about the possibility of restructuring and selling unprofitable businesses, Shimada said nothing had been decided. He also declined to comment on the time frame for a potential relisting of shares, saying it would
Read more on hl.co.uk