57 Facts About Toshiba Corporation

Toshiba Corporation, commonly known as Toshiba and stylized as TOSHIBA, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan.

Technology company with a long history and sprawling businesses, Toshiba Corporation is a household name in Japan and has long been viewed as a symbol of the country's technological prowess.

Toshiba Corporation announced on 12 November 2021 that it would split into three separate companies, respectively focusing on infrastructure, electronic devices, and all other remaining assets; the latter would retain the Toshiba Corporation name.

Toshiba Corporation was inherited by Tanaka's adopted son, and later became half of the present Toshiba company.

Toshiba Corporation was founded in 1939 by the merger of Shibaura Seisakusho and Tokyo Denki.

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Toshiba Corporation is responsible for a number of Japanese firsts, including radar, the TAC digital computer, transistor television, color CRTs and microwave oven, color video phone, Japanese word processor, MRI system, laptop personal computer, NAND EEPROM, DVD, the Libretto sub-notebook personal computer and HD DVD .

In 1977, Toshiba Corporation acquired the Brazilian company Semp, subsequently forming Semp Toshiba Corporation through the combination of the two companies' South American operations.

In 1987, Tocibai Machine, a subsidiary of Toshiba Corporation, was accused of illegally selling CNC milling machines used to produce very quiet submarine propellers to the Soviet Union in violation of the CoCom agreement, an international embargo on certain countries to COMECON countries.

In 2001, Toshiba Corporation signed a contract with Orion Electric, one of the world's largest OEM consumer video electronic makers and suppliers, to manufacture and supply finished consumer TV and video products for Toshiba Corporation to meet the increasing demand for the North American market.

In December 2004, Toshiba Corporation quietly announced it would discontinue manufacturing traditional in-house cathode-ray tube televisions.

In 2006, Toshiba Corporation terminated sales of CRT TVs in Japan and production of in-house plasma TVs To ensure its future competitiveness in the flat-panel digital television and display market, Toshiba Corporation has made a considerable investment in a new kind of display technology called SED.

Today Toshiba Corporation is a member of the Mitsui keiretsu, and still has preferential arrangements with Mitsui Bank and the other members of the keiretsu.

In late 2007, Toshiba Corporation took over from Discover Card as the sponsor of the top-most screen of One Times Square in New York City.

Toshiba Corporation announced on 16 May 2011, that it had agreed to acquire all of the shares of the Swiss-based advanced-power-meter maker Landis+Gyr for $2.

In July 2012, Toshiba Corporation was accused of fixing the prices of LCD panels in the United States at a high level.

In January 2014, Toshiba Corporation completed its acquisition of OCZ Storage Solutions.

OCZ then stated they expected to file a petition for bankruptcy and that Toshiba Corporation had expressed interest in purchasing its assets in a bankruptcy proceeding.

On 2 December 2013, OCZ announced Toshiba Corporation had agreed to purchase nearly all of OCZ's assets for $35 million.

In March 2014, Toshiba Corporation sued SK Hynix, accusing the company of stealing technology of its NAND flash memory.

Toshiba Corporation had sued Hynix in the early 2000s for patent infringement.

In October 2014, Toshiba Corporation and United Technologies agreed a deal to expand their joint venture outside Japan.

Toshiba Corporation first announced in May 2015 that it was investigating an accounting scandal and it might have to revise its profits for the previous three years.

Toshiba Corporation announced in early 2015 that they would stop making televisions in its own factories.

In September 2015, Toshiba Corporation shares fell to their lowest point in two and a half years.

Toshiba Corporation noted poor performances in its televisions, home appliances and personal computer businesses.

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In March 2016, Toshiba Corporation was preparing to start construction on a cutting-edge new semiconductor plant in Japan that would mass-produce chips based on the ultra-dense flash variant.

Toshiba Corporation expected to spend approximately 360 billion yen, or $3.

Toshiba Corporation first announced the recall in January and said it was recalling the batteries in certain Toshiba Corporation Notebook computers sold since June 2011.

In September 2016, Toshiba Corporation announced the first wireless power receiver IC using the Qi 1.

In late December 2016, the management of Toshiba Corporation requested an "urgent press briefing" to announce that the newly-found losses in the Westinghouse subsidiary from Vogtle Electric Generating Plant nuclear plant construction would lead to a write-down of several billion dollars, bankrupting Westinghouse and threatening to bankrupt Toshiba Corporation.

On 14 February 2017, Toshiba Corporation delayed filing financial results, and chairman Shigenori Shiga, formerly chairman of Westinghouse, resigned.

Toshiba Corporation was estimated to have 9 billion dollar annual net loss.

Toshiba Corporation stated that "substantial doubt about the company's ability to continue as a going concern exists".

On 25 April 2017, Toshiba Corporation announced its decision to replace its auditor after less than a year.

Toshiba Corporation cited that the value of these placements were reduced by its exit from consumer-oriented lines of business.

On 6 April 2018, Toshiba Corporation announced the completion of the sale of Westinghouse's holding company to Brookfield Business Partners and some partners for $4.

Sharp renamed the business to Dynabook, a brand name Toshiba Corporation had used in Japan, and started releasing products under that name.

In May 2019, Toshiba Corporation announced that it would put non-Japanese investors on its board for the first time in nearly 80 years.

In January 2020, Toshiba Corporation unveiled its plan to launch quantum cryptography services by September the same year.

In October 2020, Toshiba Corporation made a decision to pull out of the system LSI business citing mounted losses while reportedly mulling on the sale of its semiconductor fabs as well.

On 12 November 2021, Toshiba Corporation announced that it would split into three separate companies.

Toshiba Corporation announced in February 2022 that it plans to split into two companies instead after the original proposal proved unpopular with shareholders.

Toshiba Corporation has had a range of products and services, including air conditioners, consumer electronics, control systems, electronic point of sale equipment, elevators and escalators, home appliances, IT services, lighting, materials and electronic components, medical equipment, office equipment, business telecommunication equipment personal computers, semiconductors, power systems power transmission and distribution systems, and TFT displays.

Toshiba Corporation had played a critical role in the development and proliferation of DVD.

On 19 February 2008, Toshiba Corporation announced that it would be discontinuing its HD DVD storage format, the successor of DVD, following defeat in a format war against Blu-ray.

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Toshiba Corporation continued to supply retailers with machines until the end of March 2008, and continued to provide technical support to the estimated one million people worldwide who owned HD DVD players and recorders.

Toshiba Corporation announced a new line of stand-alone Blu-ray players as well as drives for PCs and laptops, and subsequently joined the BDA, the industry body which oversees the development of the Blu-ray format.

In 2010 REGZA name disappeared from the North American market, and from March 2015 new TVs carrying the Toshiba Corporation name are designed and produced by Compal Electronics, a Taiwanese company, to which Toshiba Corporation has licensed its name.

In 1985, Toshiba Corporation released the T1100, the world's first commercially accepted laptop PC.

In October 2014, Toshiba Corporation released the Chromebook 2, a new version with a thinner profile and a much-improved display.

Toshiba Corporation initialized process of divestment of the personal computer and laptop business, Toshiba Corporation Client Solutions, in 2018 with sale of 80.

In March 2015, Toshiba Corporation announced the development of the first 48-layer, three-dimensional flash memory.

The new flash memory is based on a vertical stacking technology that Toshiba Corporation calls BiCS, stores two bits of data per transistor, and can store 128Gbits per chip.

Toshiba Corporation has been judged as making "low" efforts to lessen its impact on the environment.

Toshiba Corporation partnered with China's Tsinghua University in 2008 in order to form a research facility to focus on energy conservation and the environment.

On 28 December 1970 Toshiba Corporation began the construction of unit 3 of the Fukushima Daiichi Nuclear Power Plant which was damaged in the Fukushima I nuclear accidents on 14 March 2011.

In late 2013, Toshiba Corporation entered the solar power business in Germany, installing PV systems on apartment buildings.