GSMArena.com GSMArena.com

Tip us

883k

142k
87k
355k

RSS

Log in

Login with
Facebook Google

Sign up
  • Home
  • News
  • Reviews
  • FeaturedNew
  • Phone Finder
  • Tools
  • Glossary
  • Coverage
  • FAQ
  • Contact
HTC U11+ review
  • -
  • -
  • -

Toshiba to sell computer-chip business in order to save itself from bankrupcy

  • Post your comment
  • Comments (29)

Yordan 14 February 2017

Toshiba Other

Toshiba is falling apart and drastic measures are required to save the company. The corporation’s CEO Shigenori Shiga will step down as a chairman after an announcement that the financial results will be published after at least a month, citing auditing problems. Before market closure unaudited numbers were released and sent Toshiba stock 8% down.

The company projects JPY712.5 billion ($6.3 billion) loss for its nuclear business after a scandal related to the acquisition of US nuclear unit Westinghouse. The Tokyo-based conglomerate said it’s at minus $1.7 billion by the end of 2016. The company sees a way out in selling its computer-chip business, flash-memory business and other assets.

Toshiba does not plan on building more new nuclear plants and will concentrate on reactor maintenance, nuclear fuel business and other non-tech branches. The company forecasts net loss for the whole group of JPY390 billion ($3.43 billion).

Related articles
  • Toshiba may spin off NAND flash unit and if WD scoops it up, it will surpass Samsung
  • Sony buys Toshiba's image sensor business for JPY 19 billion
  • Sony in talks with Toshiba to acquire its CMOS sensor business
  • Toshiba CEO, top execs resign in wake of $1.2 billion scandal

Reader comments

A
  • Anonym
  • 60JB
  • 16 Feb 2017

Well, at least you'll have great tapas...

  • Reply
?
  • Anonymous
  • Q}49
  • 15 Feb 2017

I have deep respect to Toshiba (but Not sony). Farewell toshiba, i hope you can rise again and become great good company again in the future.

  • Reply
.
  • .alpha
  • ytxx
  • 15 Feb 2017

Most of Japan is poorly managed by people well into their retirement age, these leftovers from Japan's boom in the 80s' will undo their predecessors' hardwork and make Japan basically Spain.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 29

Phone finder

  • Samsung
  • Apple
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Huawei
  • Microsoft
  • Lenovo
  • Xiaomi
  • Google
  • Acer
  • Asus
  • Oppo
  • OnePlus
  • Meizu
  • BlackBerry
  • Alcatel
  • ZTE
  • Toshiba
  • Vodafone
  • Energizer
  • XOLO
  • Lava
  • Micromax
  • BLU
  • Gionee
  • vivo
  • LeEco
  • Panasonic
  • HP
  • YU
  • verykool
  • Maxwest
  • Plum

All brands Rumor mill

Top 10 by daily interest

  Device Daily hits  
1.Xiaomi Redmi Note 5 Pro71,697
2.Huawei P20 Pro55,668
3.Oppo F747,909
4.Samsung Galaxy J7 Pro44,527
5.vivo V940,625
6.Xiaomi Black Shark39,163
7.Xiaomi Redmi Note 5 (Redmi 5 Plus)36,018
8.Xiaomi Mi A132,611
9.Samsung Galaxy J7 Prime31,903
10.Samsung Galaxy S828,958

Top 10 by fans

  Device Favorites  
1.Samsung Galaxy Note81,627
2.Sony Xperia XZ Premium1,574
3.Nokia 81,272
4.Samsung Galaxy S8+1,204
5.Xiaomi Mi Mix1,078
6.LG G61,054
7.LG V30945
8.Xiaomi Mi A1897
9.Xiaomi Redmi Note 5 Pro860
10.Xiaomi Mi 6832

Home News Reviews Compare Coverage Glossary FAQ RSS feed Facebook Twitter

© 2000-2018 GSMArena.com Mobile version Contact us Advertising Privacy Terms of use

CDN by