In this context, the company plans to return to the semiconductor market only for the automotive industry. The driver of profit growth and market share at Toshiba is seen as the production and trading of power chips for power management in electric vehicles.
Shimada said Toshiba’s first goal is to catch up with power chip giants such as Infineon Technologies AG. To do this, the company will invest 125 billion yen ($175.57 million) in the development of power chip production.
According to Toshiba’s president, “the company is trying to achieve a 10% or higher return on sales quickly.”
“We want to expand the production capacity of power management chips as quickly as possible,” Shimada said.
Source: Ferra
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