Items tagged with (tyo:6502)

Toshiba is apparently getting ready to release a 14-terabyte capacity hard drive model. So say company representatives at the Huawei Connect conference in Shanghai, China, who indicated that 14TB helium-filled HDDs would hit the marketplace "very soon." When pressed for clarification on how soon they were talking about, the representatives said the large capacity HDDs would arrive by the end of 2017.The largest capacity HDD currently available is 12TB—both Seagate and Western Digital's HGST division offer 12TB models aimed at the enterprise market. These are single drive solutions and they are also filled with helium. Should Toshiba meet is goal of releasing a 14TB HDD by the end of the year,... Read more...
Foxconn is attempting to acquire Toshiba's semiconductor business though it is not going at it alone. According to multiple reports, both Apple and Amazon have joined forces with Foxconn to grab a piece of the sale, with each company offering up an untold amount of financial backing to help push the deal through.It is also said that Taiwan's Foxconn, also known as Hon Hai Precision, has partnered with Sharp in its bid. Foxconn acquired Sharp last year in a deal worth in the neighborhood of $3.5 billion."Foxconn can confirm that we have submitted a bid for Toshiba's chip business with a number of strategic partners," the company told Reuters. It is not willing to discuss specifics of the deal,... Read more...
Following a $1.2 billion accounting scandal that involved fraudulent reporting of fake profits over a seven-year period, Toshiba has gone into a restructuring mode as it attempts to pick up the pieces and regain the trust of its customers and investors. Part of that plan includes the termination of some 6,800 employees. That's nearly a third -- 30 percent, to be exact -- of Toshiba's global workforce. Toshiba hopes to complete the headcount reduction by the end of March next year. Among the job cuts will be around 1,000 corporate jobs as Toshiba looks to "slim down corporate staff functions." As is typically the case in these scenarios, the goal for Toshiba is to streamline its operations with... Read more...