Japan is spending more on semiconductors after Covid-19 shortages. In 10 years, 8 large firms will require 35,000 engineers. The U.S. trade war hurt Japan. Toshiba and Sony fear that a scarcity of engineers threatens the government’s efforts to resuscitate Japan’s chip sector. Japan is spending more on semiconductors after Covid-19 shortages. Five years until … Read more
Tokyo stocks ended decrease on Thursday, tracking Wall Street falls on worries over US monetary tightening. The benchmark Nikkei 225 index fell 1.77 percent, or 464.92 factors, to stop at 25,748.72, whilst the wider Topix index gave up 1.19 percent, or 21.97 points, to 1,829.18. The dollar fetched 129.64 yen, against 130.00 yen in New York on … Read more
Tokyo shares closed lower Monday on the battle in Ukraine and issue over surging Covid-19 instances in China. The benchmark Nikkei 225 index become down 1.08 percent, or 293.48 points, to quit at 26,799.71, at the same time as the broader Topix index slipped 0.86 percentage, or 16.23 points, to 1,880.08. The greenback fetched 126.59 … Read more
Toshiba shareholders will vote on a plan to split the beleaguered Japanese giant into two on Thursday, despite strong resistance from important shareholders. The vote on the proposal to spin off Toshiba’s electronic devices division is intended to gauge support before a formal resolution vote next year. However, the management plan’s success at Thursday’s extraordinary … Read more
TOKYO: Japanese conglomerate Toshiba said Monday it would hold an extraordinary meeting of shareholders on March 24 to vote on its plan to spin off its devices unit. The ballot will not be legally binding but is intended to “confirm the views of our shareholders regarding moving forward”, Toshiba said, with a binding resolution to be … Read more
TOKYO: Toshiba’s board has approved a plan to split the storied Japanese conglomerate into three companies, it announced on Friday, following tension with shareholders and a controversial takeover offer. The announcement confirms reports earlier in the week that said management was under pressure from shareholders to maximise the firm’s value by dividing its businesses. The … Read more
TOKYO: Toshiba plans to split into three companies as early as 2023, a report said on Tuesday, after a series of crises at the firm, including the ouster of the board’s chairman and a contentious buyout offer. The Nikkei Asia, a business daily, said the three units would focus on infrastructure, devices and semiconductor memory and are expected … Read more
