FYI... Publicly owned Japanese conglomerate Toshiba wants to take itself private via a $14 billion (¥2 trillion) buyout scheme More info:
. The JIP buyout offer keeps Toshiba’s ownership in Japanese hands, and would pave the way to a private restructuring of the business to return it to profitability.of the worldwide HDD business behind leader Seagate’s 44.5 percent and Western Digital’s 38 percent. If the buyout offer succeeds then it is possible the HDD business unit would be sold.
Toshiba’s results for its first fiscal 2024 quarter, ended June 30, were 5 percent down Y/Y at $5 billion in sales, with a loss of $176 million . Part of Toshiba’s latest loss was due to depressed results from Kioxia as it experiences a recession and NAND over-supply, like all the other NAND suppliers. Long term market prospects for NAND are excellent as more and more data needs to be stored and accessed quickly, faster than disk drive data access.
It makes a wide variety of products from air conditioners, home appliances such as TVs and microwaves, to semiconductors.
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