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Toshiba Chip Business

Japan energy and tech giant Toshiba seeing going private as an option

Toshiba executives on Friday said privatisation remains an option for the Japanese tech company, as they defended their efforts to choose the right bidder to restore what they called a strong Toshiba.

Japan energy and tech giant Toshiba seeing going private as an option
Updated On : 03 Jun 2022 | 4:40 PM IST

Japan's troubled tech giant Toshiba proposes outside directors to board

Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership on Thursday, ahead of a shareholders' meeting next month. Toshiba Corp. said it seeks to add on the board outside directors, such as Nabeel Bhanji, an executive at Elliott Opportunity II Corp., which handles acquisitions and investments, and Eijiro Imai, a former managing director at Farallon Capital Management, a US investment firm. Also proposed for the board is Akihiro Watanabe, an executive at Houlihan Lockey, a US investment bank. Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. Earlier this year, it tapped Taro Shimada, an executive officer and corporate senior vice president, to replace Satoshi Tsunakawa as chief executive. Shimada was an executive at Siemens, both in Japan and the US, before joining Toshiba in 2018, working in its digital operations. In February, Toshiba proposed splitting into two companies, one focused on infrastructure and

Japan's troubled tech giant Toshiba proposes outside directors to board
Updated On : 26 May 2022 | 6:45 PM IST

Toshiba agrees to sell microchip business to Bain group-led buyers

Western Digital was one of the bidders but said it was confident about its legal position in Toshiba's chip business

Toshiba agrees to sell microchip business to Bain group-led buyers
Updated On : 13 Sep 2017 | 2:22 PM IST

Bain, SK Hynix group raises bid to $22.3 billion for Toshiba's chip unit

The move comes after sources said Western Digital Corp had revised its offer

Bain, SK Hynix group raises bid to $22.3 billion for Toshiba's chip unit
Updated On : 09 Sep 2017 | 2:15 PM IST

Foxconn details plan to buy Toshiba chip unit

Foxconn has broad support for its offer from Apple, SoftBank Group

Foxconn details plan to buy Toshiba chip unit
Updated On : 08 Sep 2017 | 3:42 AM IST

Toshiba says open to talks with Western Digital over chip unit sale

Toshiba is trying to clinch a deal worth $8 billion

Toshiba says open to talks with Western Digital over chip unit sale
Updated On : 23 Jun 2017 | 4:14 PM IST

Foxconn says Apple, Dell part of its bid for Toshiba chip business

Terry Gou, Foxconn's founder also said Amazon.com Inc was close to joining

Foxconn says Apple, Dell part of its bid for Toshiba chip business
Updated On : 12 Jun 2017 | 4:47 PM IST

Apple, Amazon to join Foxconn for its bid for Toshiba chip business

Taiwan's Foxconn has also partnered with its Japanese unit Sharp Corp in its bid

Apple, Amazon to join Foxconn for its bid for Toshiba chip business
Updated On : 05 Jun 2017 | 5:01 PM IST