Toshiba, which is exploring options for a buyout, cut its profit forecast for the year ending March to 125 billion yen from 170 billion yen.

Toshiba said supply challenges for electronic components are unlikely to abate for another year as chronic shortages remain, while Russia's invasion of Ukraine, a key supplier of chipmaking materials, may also have an impact.

Toshiba Electronic Devices & Storage will construct a new 300-milimeter wafer fabrication facility for power semiconductors at its main discrete semiconductor production base, Kaga Toshiba Electronics, in Ishikawa Prefecture. Construction will take place in two phases, allowing the pace of investment to be optimized against market trends, with the production start of Phase 1 scheduled for within fiscal 2024. When Phase 1 reaches full capacity, Toshiba's power semiconductor production capacity will be 2.5 times that of fiscal 2021.

Toshiba said it won't be able to meet demand for power-regulating chips for another year and, in certain cases, through the end of 2022, offering a fresh warning for makers of cars, consumer electronics and industrial machines struggling with component shortages.

Toshiba said on Thursday it swung back to profit in the first quarter, as sales of automotive chips and hard disk drives recover from a pandemic-driven slump in demand.

Japan's Kioxia Holdings, the world's second largest maker of flash memory chips and formerly known as Toshiba Memory, plans an initial public offering as early as September, weekly financial magazine Diamond reported on Thursday.

Toshiba's second-biggest shareholder called on the Japanese conglomerate to undergo a strategic review and explicitly solicit suitors, saying potential acquirers were deterred by the company's comments on wanting to remain listed.

Toshiba said a potential acquisition offer from CVC Capital Partners has stalled after the firm submitted a new proposal that lacks sufficient information for evaluation.

Toshiba's chief executive resigned on Wednesday amid controversy over a $20bn buyout bid from private equity firm, CVC Capital Partners.

Developed with Waseda University, tool can produce results in two weeks

Toshiba on Tuesday said it will exit the money-losing system LSI chip business as the Japanese conglomerate aims to boost the group's profit margins.

The company sold its remaining shares of its PC business to Sharp

Toshiba shareholders voted down board director nominees backed by two activist funds, the Japanese company said, winning a closely contested proxy fight with two of its major investors.

Japan's Toshiba Corp said on Monday it planned to sell down its 40.2% stake in flash memory chips firm Kioxia Holdings and will return a majority of the net proceeds to shareholders.

Toshiba said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited impact from the coronavirus outbreak on its earnings for the financial year.

Japanese company introduces four-day workweek from June

A Hong Kong-based activist investor in Toshiba has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion, according to a letter reviewed by Reuters.

Japanese conglomerate claims major algorithmic breakthrough

Toshiba said on Monday it would extend the period of its tender offer for chip equipment unit NuFlare Technology until Jan. 16.

Toshiba Memory has announced XFMEXPRESS, a new technology for removable PCIe attached, NVMe memory devices.

Japan's Toshiba reported on Wednesday a 10-fold jump in first-quarter operating profit as it stepped up cost cuts across divisions, but the profit missed analyst estimates.

Japan's Toshiba Memory said there was a "good chance" for acquisitions as it pushes to increase its share of the market for advanced storage products used in data centres.

Western Digital continues to assess the impact of this event and expects the incident to result in a reduction of WD's flash wafer availability of approximately 6 exabytes, the majority of which is expected to be contained in the first quarter of fiscal year 2020, namely the period from July 2019 until September.

Struggling Japanese engineering firm Toshiba on Monday reported improved full-year net profit thanks to the sale of its chip business, but said operating profit was sharply down.

Toshiba still faces a tough operating environment. The system chip business remains in the red amid China's economic slowdown, and the company has decided to cut about 350 jobs from that segment via an early retirement program.

U.S. buyout firm Bain Capital is likely to push back the IPO of Toshiba Memory by around two months.

Japan's Toshiba reported a record quarterly net profit on Wednesday, thanks to the $18 billion sale of its flash memory chip business.

"Toshiba unveiled a higher-than-expected $6.3 billion stock buyback..."

Toshiba is selling its debt-ridden business as part of its corporate restructuring efforts.

Toshiba has completed its sale of Toshiba Memory to a group led by Bain Capital.

Toshiba is quickly paying down its debt, diminishing the influence of lenders who want a quick sale of its memory unit to a group led by US buyout firm Bain Capital and fueling speculation that the company may consider a different route on the sale.

Japan's Toshiba said on Monday it had yet to receive clearance from all regulators for the sale of its prized $18 billion memory-chip business by its self-imposed end-March deadline, but added it aimed to sell it as early as possible.

Western Digital will invest about JPY500 billion ($4.68 billion) over the next three years in a memory chip venture with Toshiba, helping their joint operations recover after a bruising legal spat between the companies.

Toshiba expects the sale of its $18 billion memory chip business to be completed by June at the latest, if not by an agreed deadline of the end of March, as it awaits antitrust regulatory approval from China.

Toshiba is considering an IPO of its prized memory chip business if an agreed $18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.

Toshiba, Toshiba Memory Corporation (TMC) and Western Digital have entered into a global settlement agreement to resolve their ongoing disputes in litigation and arbitration, strengthen and extend their relationship, and enhance the mutual commitment to their ongoing flash memory collaboration.

Kenji Kano has been named president and CEO of Toshiba America Energy Systems (TAES) effective December 1, 2017. Fumio Otani, chairman of the Board of Directors of TAES, had served as president and CEO on an interim basis since March 1, 2017, and will continue to serve as chairman of the Board of Directors for TAES.

Toshiba said on Friday it had not entered into talks with any company to sell its personal computer business, denying media reports that it was in negotiations to sell the unit to Taiwan's Asustek Computer.

Toshiba has entered into negotiations to sell its money-losing personal computer operations to Asustek Computer of Taiwan, continuing to shed noncore businesses to get its tattered finances back in order.

Embattled Japanese electronics-maker Toshiba said on Tuesday it has agreed to sell its television subsidiary to Hisense Group, a major Chinese electronics manufacturer.