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

Previous articleRolf founder Sergei Petrov called the transfer of assets to the Federal Property Management Agency illegal
Next articleElon Musk’s dream, ultra-fast tunnels Hyperloop One went bankrupt and closed Science and technology 15:45 | December 22, 2023
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


Please enter your comment!
Please enter your name here