Toshiba Plays Nuclear Power Plant Event to Sell PC-related Business to Prevent Bankruptcy

[Abstract] Toshiba had to plan to sell its own computer chips, flash memory and other assets to prevent bankruptcy. In the future, Toshiba has already planned not to construct more new nuclear power plants. At the same time, the existing nuclear power plants will only have maintenance, nuclear fuel business and other non-technical businesses.

Tencent Digital (Mike) At present, the Japanese electronics company Toshiba is facing a serious crisis, it does not seem to experience a lot of pain and reforms, the company should not be back on track. Shigenori Shiga, former CEO of the company, said that due to audit problems, the company’s annual earnings report will be announced one month later. After this announcement, Toshiba’s stock price immediately fell by more than 8%.

After the initial purchase of Westinghouse Nuclear Power for US$6.3 billion, due to a company policy error, by the end of 2016, the company’s nuclear power business unit assets will have only US$1.7 billion. Now companies have to plan to sell their own computer chips, flash memory and other assets to prevent bankruptcy.

In the future, Toshiba has already planned not to construct more new nuclear power plants. At the same time, the existing nuclear power plants will only have maintenance, nuclear fuel business and other non-technical businesses. According to reports, the Toshiba Group’s net loss for the entire 2016 will be as high as US$3.43 billion.

Source: gsmarena

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