Toshiba, a major electronics manufacturer, announced that it has decided to reorganize a wide range of businesses such as social infrastructure and semiconductors into three companies and split the company.
We will establish a new company to carry out
infrastructure services such as power generation and
device businesses such as hard disks
, aiming to be listed in the second half of 2023.
▽ Toshiba itself will continue as a company that holds shares of "Kioxia Holdings", a major semiconductor company.
It is unusual for a large domestic company to split a company into multiple businesses, and Toshiba says that the split will strengthen competitiveness and increase shareholder value.