March 29, 2024

AndronETalksNews

AndronETalksNews

Japanese giant Toshiba announces breakup plan

BBC News

November 12, 2021

Japanese conglomerate Toshiba has confirmed plans to split the company into three separate businesses.

Toshiba said the three companies would be focused on infrastructure, semiconductors and devices.

The company has come under increasing pressure from activist investors to make changes since an accounting scandal in 2015.

This week, US giant General Electric announced a similar strategy that will see the historic company broken up.

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