TOSHIBA SEES POWER CHIPS AS IMMEDIATE GROWTH DRIVER AFTER $14 BLN BUYOUT
NEWS Desk Global

Toshiba Corp (TOSBF.PK) sees power management chips as an immediate profit driver on the back of surging electric vehicle (EV) demand, its chief executive said on Friday, as the Japanese industrial conglomerate was taken private. Toshiba plans to spend 125 billion yen ($175.57 million) to more than double power chip production, aiming to catch up with power chip giants such as Infineon Technologies AG (IFXGn.DE).
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