Times of India — TOKYO: Japan’s securities watchdog is likely to recommend Toshiba be fined about 7 billion yen ($57 million), a source familiar with the matter said, in what would be a record in the country for accounting-related violations. The recommended fine would exceed the previous record of 1.6 billion yen paid by industrial conglomerate IHI Corp in 2008. But critics have said the amount is still light compared with what could be levied by US regulators in a similar case.
Toshiba will sell its image sensor manufacturing plant in Oita, southern Japan, to Sony by the end of the fiscal year through March and pull out of the sensor business, the company said in a joint statement. Sony will take on the sensor business’ 1,100 workers, the two companies said. The deal was worth around 20 billion yen ($166.15 million), according to a company source familiar with the matter. The source requested anonymity because the companies did not disclose it publicly.
Digi Times — Industry sources have suggested that SanDisk and Toshiba, which jointly develop NAND flash technology, are both being targeted for acquisition by China’s state-owned Tsinghua Unigroup. Unisplendor, a unit of Tsinghua Unigroup, has reached a deal to acquire an about 15% stake in storage company Western Digital. The achievement is actually part of China’s ambitions to establish a homegrown industry covering storage devices, DRAM and NAND flash memory, the sources disclosed.
Times of India — Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek a partner for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said. “The latest accounting problems might have been driven by the fact that some of our businesses have lost earnings power. We must urgently take action in these businesses,” chief executive Masashi Muromachi told a roundtable of reporters.
IT News — Toshiba booked a full-year net loss of ¥37.8 billion (A$457 million) as it pledged to improve governance with a revamped board of directors, raising hopes it is finally moving beyond an A$1.7 billion accounting scandal. The submission of its books, twice postponed due to its accounting woes, helped to allay concerns among some investors that the laptops-to-nuclear power conglomerate risked a delisting if it had missed its latest filing deadline.
Taiwan-based InnoDisk, which develops and manufactures industrial-class storage products, has disclosed the company is partnering with NAND flash chip vendor Toshiba and Super Micro Computer (Supermicro), a specialist in application-optimized servers, workstations, blades, storage and GPU systems, to provide SSD solutions for data centers and cloud computing. A joint venture between the companies, named AccelStor, has been formed to provide SSD solutions targeted at customers in the financial sector and telecom carriers, according to InnoDisk.
In 2014, there were only two Japan-based companies – Toshiba and Renesas – among the top-10 semiconductor suppliers. Assuming the NXP/Freescale merger is completed later in 2015, IC Insights has forecast that Toshiba will be the lone Japan-based company left in the top-10 ranking. Japan-based semiconductor manufacturers wielded their greatest influence on the global stage and held six of the top 10 positions in 1990, IC Insights said.
NEW DELHI: Toshiba Corporation and United Technologies Corporation have announced plans to establish engineering centres in India, North America and Europe to support global innovation for heating, ventilating and air-conditioning (HVAC) products. “This cooperation is the first to result from the companies’ recent agreement to further strengthen their strategic collaboration through their joint venture Toshiba Carrier Corporation (TCC),” Toshiba said in a statement.
SK hynix agreed with Toshiba of Japan to jointly develop nano imprint lithography (NIL) technologies, the company announced Thursday. “SK hynix has entered into an agreement with Toshiba on joint development of NIL. Engineers from the two firms will start development of core technologies for the process at Toshiba’s complex in Yokohama, Japan,” said SK spokeswoman Park Seong-ae in a statement.
AHMEDABAD: Techno major Toshiba in collaboration with Gujarat-based Einfochips will provide chips for Google’s revolutionary modular smartphone project, ‘Ara’, a senior company executive said here today. “Google is designing modular smartphones in which different modules can be assembled as one smart-phone,” said senior vice president and chief technology officer, Toshiba, USA, Shardul Kazi.
Toshiba has announced that the company will consolidate departments involved in information and communication technology (ICT) solutions into its in-house Cloud & Solutions Company on April 1. The move will allow the company to promote the business that exploits the Internet of Things (IoT). Toshiba’s current Corporate Information Systems Division, Corporate Software Engineering Center, and part of Toshiba Solutions’ system integration business, will be merged into the Cloud & Solutions Company, and Toshiba IS Corporation.
Toshiba has approached Nanya Technology to discuss about a potential partnership, and proposed a US$1 billion offer to invest in the Taiwan-based company, according to industry sources. Alternatively, Toshiba may end up buying US$1 billion worth of production equipment for Nanya and outsouce production to the Taiwan-based DRAM maker, the sources said.
NEW YORK: Toshiba Corp has entered into a pact with United Technologies Corp (UTC) to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp (TCC). “The agreement outlines the next stage of cooperation between Toshiba and UTC in the field of heating, ventilating and air-conditioning solutions through TCC,” Toshiba said in a statement today.
Toshiba Corporation announced in September this year of its business expansion strategy for the Southeast Asia region, which includes investing US$1 billion in the region over the next five years, and doubling its current sales to US$7 billion. Speaking at a press conference in Jakarta, Indonesia, Hisao Tanaka, the President and CEO of Toshiba, elaborated on the infrastructure technologies and know-how that Toshiba proposes to deploy in SEA in support of building a better and secure future.
TAIPEI–A recent decision by Japan’s Toshiba Corp. to exit certain consumer laptop markets is likely to benefit Taiwan’s Asustek Computer Inc. (華碩) because of their similar product positions, according to brokerage Morgan Stanley. Following Sony’s disposal of its Viao PC business and Samsung’s scaling down of its notebook business, Toshiba announced on Sept. 18 that it would accelerate its PC business restructuring and withdraw from certain consumer markets.
Japanese electronics and engineering conglomerate Toshiba has announced a number of new Chromebook models, as well as a new 7-inch Windows tablet set to hit retailers in the fall. The gadgets Toshiba will push out its doors include the Toshiba Chromebook 2, a second-generation laptop computer running on Google’s Chrome operating system designed mainly to surf the web. The laptop will retail for US$250.
Toshiba’s take on wearable technology offers no global positioning system, heart rate sensor, or an LED or LCD display to tell a user what’s happening. The only sensor the smart band has is an accelerometer. Toshiba’s smartwatch is dropping everything unnecessary for it to do its basic job, which is to monitor the wearer’s activities and send information to a paired mobile device such as a smartphone or a tablet. This data can be inspected and analyzed at a later time.
TOKYO: Japan’s Toshiba is teaming up with US chip giant SanDisk to produce a “3D” memory chip they hope will allow users to save up to 50 hours of ultra-high definition video. In a deal worth a reported 500 billion yen ($4.84 billion) the companies will build a factory to make flash memory consisting of several layers of semiconductors stacked together to give as much as a terabyte — 1,000 gigabytes — of storage. That is around 16 times bigger than the largest 64-gigabyte Toshiba memory currently available in smart phones and tablet devices.
Some memory device suppliers are pushing sales of NAND flash chips bundled with DRAM chips in order to help ease the oversupply of NAND flash products in the market, according to market sources. Prices of NAND flash chips have continued to slip since the beginning of 2014 due largely to capacity ramps by major players including Samsung, Toshiba and SanDisk, said the sources.
Toshiba Corporation (Tokyo: 6502), a world leader and innovator in pioneering high technology, and NTT Communications Corporation (NTT Com), a data, cloud and international communications leader within the NTT (NYSE: NTT) Group, announced on February 27 a multifaceted alliance under which Toshiba’s data-center and cloud-computing services will be provided to global customers by NTT Com’s Enterprise Cloud, a self-manageable, full-layer virtual private cloud, and data centers. Services will be provided in North America and Asia from April, and then expanded to Europe thereafter.