Friday, 24 March, 2023

Toshiba announces split up into three standalone companies

<p>Toshiba announced split up as Infrastructure Service, Device, and Toshiba. Toshiba&#39;s energy systems, infrastructure systems, etc. will consist of Infrastructure Services. Toshiba&#39;s electronic devices and storage solutions business will make up Device. Toshiba will be holding its shares in Kioxia Holdings Corporation and Toshiba Tec Corp. This separation is to be finalized by the second half of FY23. The decision came in after months of turmoil within the company.<br /> &nbsp;</p>