Saturday, July 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google, Facebook, Microsoft, and Twitter Partner on New Data Project
Foxconn Breaks Ground in In Wisconsin Plant, Looks at AI and Beyond Apple
Western Digital and Toshiba Begin Sampling 96-layer QLC NAND
Cloud Services Keep Boosting Microsoft's Revenue
Comcast Won't Pursuit Fox assets, Focuses on Sky Offer
EU to Probe Qualcomm Over Pricing Case
Google's Project Fuchsia Could Be The Successor of Android Successor to Android
TSMC Cuts Sales, Spending Outlook
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 09, 2017
Toshiba's Profit Jumps on Strong Memory Demand


Toshiba reported a 76 percent jump in second-quarter operating profit on Thursday, driven by a strong performance from its memory chip unit which it recently agreed to sell for $18 billion.

The japanese said operating profit for the July-September quarter rose to 135.08 billion yen ($1.2 billion) from 76.88 billion yen a year earlier.

Toshiba also said it would raise its FY2017 investment plan
for the Storage & Devices Solutions Segment from 400 billion yen to 600 billion, mainly to speed up the installation of a memory chip production line at Yokkaichi. Toshiba Memory Corporation (TMC) will place equipment orders for Fab 6 at Yokkaichi Operations in FY2017, not FY2018 as previously planned.

Toshiba maintained its operating profit forecast for the year ending March at 430 billion yen, versus a 480 billion yen average of 12 analyst estimates.

The company said it expects an annual net loss of 110 billion yen due to taxes related to the sale of the memory chip unit.

Toshiba agreed in late September to sell Toshiba Memory Corporation to a group led by Bain Capital. Toshiba says TMC has asked SanDisk, its collaborator in joint ventures for investment in manufacturing equipment at TMC's Yokkaichi Operations, whether it intends to jointly participate in the investment for Fab6.

Seperately, Toshiba Digital Solutions Corporation announced it has signed an agreement with Dell Technologies as the key infrastructure provider to build Artificial Intelligence (AI) services for mission-critical customer use cases.

Artificial intelligence in Industrial IoT (IIoT) is expected to grow in support of use cases that include social infrastructure, energy, retail/logistics, buildings/facilities and mobility/transportation. Supporting use cases such as preventive maintenance, crime prevention, disaster recovery, cyber security, demand prediction and transportation quality improvement will require high performance infrastructure.

Both companies have agreed to evaluate the performance and functionality required for AI services in mission critical areas and will collaborate to build a highly available environment for Toshiba's analytics platform, SATLYS, utilizing servers, storage and cloud technologies from Dell Technologies businesses, Dell EMC and Virtustream.



Previous
Next
Mobile App Vulnerability is Exposing Millions of Conversations        All News        AMD's Raja Koduri Joins Intel as Chief Architect for High-End, Discrete Graphics Solutions
German Authorities Shut Down File-sharing Site     General Computing News      AMD's Raja Koduri Joins Intel as Chief Architect for High-End, Discrete Graphics Solutions

Get RSS feed Easy Print E-Mail this Message

Related News
Western Digital and Toshiba Begin Sampling 96-layer QLC NAND
Toshiba Develops 703cm2 Film-based Perovskite Photovoltaic Module With a 11.7 Percent Power Conversion Efficiency
Toshiba Delivers RM5 vSAS Series SSDs Targeting SATA Applications
Value-Optimized Toshiba RC100 NVMe SSDs Now Available
Sharp to buy Toshiba's PC Business
Sharp close to Buying Toshiba's PC Business
Bain Capital to Support Toshiba Memory's Future Acquisitions
Toshiba Completes $18bn Sale of Flash Memory Unit
Toshiba Introduces New XS700 Series of Portable SSDs
Toshiba's Twin-Field Quantum Key Distribution Extends the Limit of Intercity Secure Communications
Toshiba Confirms Approval of $18 billion Chip Unit Sale by China
China Finally Approves Toshiba's Plan to Sell Its Memory Chip Unit: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .