Toshiba Corp. has announced its intention to separate into three standalone companies, according to a press release. They include:
- Infrastructure Service Co., consisting of Toshiba's energy systems and solutions, infrastructure systems and solutions, building solutions, digital solutions and battery businesses.
- Device Co., comprising Toshiba's electronic devices and storage solutions business. Products will include power semiconductors, optical semiconductors, analog integrated circuits, high-capacity hard disk drives for data centers and semiconductor manufacturing equipment.
- Toshiba, holding its shares in Kioxia Holdings Corp. and Toshiba Tec Corp.
The separation will create two distinctive companies with unique business characteristics leading their respective industries in realizing carbon neutrality and infrastructure resilience (Infrastructure Service Co.), and supporting the evolution of social and IT infrastructure (Device Co.).
Copyright © 2021 Networld Media. All rights reserved., source Industry News