Feeds

Toshiba staffer punts semicon sell-off

Is Tosh going to do a Siemens?

  • alert
  • submit to reddit

Build a business case: developing custom apps

Toshiba may be planning to follow Siemens' lead an spin off its semiconductor business into an independent company. Interviewed by Dow Jones, Yoshihide Fujii, general manager of the strategic planning division of Toshiba's semicon operation, said: "I personally think the semiconductor company should be spun off from Toshiba as a legal entity." "To get flexible management, I think such a spin-off is necessary," he added. Fujii said that Toshiba would retain control of the new operation by retaining at least 50 per cent of the stock. He suggested the rest would be bought by another firm as a joint venture or by merging its own semiconductor business with Toshiba's. Since company staff who make such incautious remarks usually find themselves in the unemployment line shortly after, Fujii's remarks are likely to be semi-official, made to see what the industry's reaction might be. And if Toshiba is interested in such feedback, that suggests it's seriously considering a spin off. The precedent here is Siemens' decision first to form its own semicon business into a separate company, Infineon, and then float it off in an IPO, a process that could begin as early as October. Siemens motivation behind the move was Infineon's financial troubles, troubles largely shared by Toshiba's own semiconductor division. Like Infineon, Toshiba's operation has been losing money: last year the electronic devices and materials division, of which the semiconductor business is a part, lost Y68.72 billion. Toshiba also has the precedent of its joint venture with Sony, which will fab the so-called Emotion Engine processor that will power the upcoming PlayStation II. Then there's the Dominion DRAM company JV with IBM, though it is believed IBM wants out. Having to take on the entire company may well add impetus to Toshiba's plan to float the whole thing off. ®

Boost IT visibility and business value

More from The Register

next story
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.