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N225:6502, Feb 21, 09:40 UTC

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Saturday, January 18


News

Toshiba finds doubtful transactions in unit, to revise past statements

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Toshiba finds doubtful transactions in unit, to revise past statements. (Reuters) - Toshiba Corp said on Saturday it "could not confirm existence" of transactions worth some 20 billion yen ($181.59 million) at one of its subsidiaries in the first half of this fiscal year, prompting it to revise past financial statements. The irregularities, which occurred over multiple years, were uncovered at Toshiba IT-Services Corporation, a wholly-owned subsidiary, as a result of an internal probe launched at the end of November, Toshiba said in a statement. Toshiba said it would eliminate some 20 billion yen worth of sales from net sales in its digital solution segment of its financial statements of the third quarter of the fiscal year that started on April 1, 2019.

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Friday, January 17


News

Toshiba Touts Algorithm That’s Faster Than a Supercomputer

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Japan’s Toshiba Corp. says it has the technology to make such rapid-fire calculations a reality -- not quite quantum computing, but perhaps the next best thing. Toshiba’s “Simulated Bifurcation Algorithm” is designed to harness the principles behind quantum computers without requiring the use of such machines, which currently have limited applications and can cost millions of dollars to build and keep near absolute zero temperature. Toshiba has said it needs a partner to adopt the algorithm for real-world use, and financial firms have taken notice as they grapple for an edge in markets increasingly dominated by machines. “There is a lot of talk about applications of quantum computing in finance, but it’s not very clear where it would be all that necessary,” said Takanobu Mizuta, a fund manager and senior researcher at Sparx Group Co. Optimizing a portfolio is not something that needs to be done in microseconds and calculations involved in high-frequency trading, where speed counts, are not very complicated, Mizuta said.

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News

Japan activist investor Murakami eyes takeover of former Toshiba unit

USDJPY AUDJPY +5 more USDJPY AUDJPY GBPJPY TRI 6502 EURJPY CHFJPY

Japan activist investor Murakami eyes takeover of former Toshiba unit | NASDAQ. TOKYO, Jan 18 (Reuters) - Japan's Toshiba Machine Co 6104.T said on Friday a fund backed by veteran activist investor Yoshiaki Murakami planned a takeover bid for the former Toshiba Corp 6502.T subsidiary. Office Support Co, backed by Japan's most prominent activist shareholder, plans to launch a tender offer for Toshiba Machine on Tuesday, according to the molding machine maker. Should the bid become hostile, it would be a relatively uncommon occurrence in Japan, where such a move is seen as taboo with many companies shielded by cross-share holdings.

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News

Toshiba succeeds in bid for chip equipment unit, beating Hoya

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Toshiba succeeds in bid for chip equipment unit, beating Hoya. (Reuters) - Toshiba Corp said on Friday its succeeded with its takeover bid for chip equipment unit NuFlare Technology Inc, staving off a higher counter offer by Hoya Corp. Toshiba, which initially held 52.4% of NuFlare, acquired a further 32.3% through a tender offer that ended Thursday, achieving its target of securing more than a two-thirds stake. Toshiba was aiming to take over NuFlare as the Japanese government pointed to corporate governance issues with dual listings of parents and subsidiaries. Optical products maker Hoya offered 12,900 yen per NuFlare share or $1.4 billion - a rare unsolicited bid in Japan, topping Toshiba's offer of 11,900 yen. But Toshiba decided not to accept Hoya's offer, saying the chip equipment unit was core to the group.

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News

Toshiba touts algorithm that’s faster than a supercomputer

6502

Japan’s Toshiba Corp. says it has the technology to make such rapid-fire calculations a reality -- not quite quantum computing, but perhaps the next best thing. Toshiba’s “Simulated Bifurcation Algorithm” is designed to harness the principles behind quantum computers without requiring the use of such machines, which currently have limited applications and can cost millions of dollars to build and keep near absolute zero temperature. Toshiba has said it needs a partner to adopt the algorithm for real-world use, and financial firms have taken notice as they grapple for an edge in markets increasingly dominated by machines. “There is a lot of talk about applications of quantum computing in finance, but it’s not very clear where it would be all that necessary,” said Takanobu Mizuta, a fund manager and senior researcher at Sparx Group Co. Optimizing a portfolio is not something that needs to be done in microseconds and calculations involved in high-frequency trading, where speed counts, are not very complicated, Mizuta said.

Read Full Details

Topics:
  • Business
  • Technology
  • Science
News

Toshiba touts algorithm that’s faster than a supercomputer

6502

Japan’s Toshiba Corp. says it has the technology to make such rapid-fire calculations a reality -- not quite quantum computing, but perhaps the next best thing. Toshiba’s “Simulated Bifurcation Algorithm” is designed to harness the principles behind quantum computers without requiring the use of such machines, which currently have limited applications and can cost millions of dollars to build and keep near absolute zero temperature. Toshiba has said it needs a partner to adopt the algorithm for real-world use, and financial firms have taken notice as they grapple for an edge in markets increasingly dominated by machines. “There is a lot of talk about applications of quantum computing in finance, but it’s not very clear where it would be all that necessary,” said Takanobu Mizuta, a fund manager and senior researcher at Sparx Group Co. Optimizing a portfolio is not something that needs to be done in microseconds and calculations involved in high-frequency trading, where speed counts, are not very complicated, Mizuta said.

Read Full Details

Topics:
  • Business
  • Technology
  • Science

Thursday, January 16


News

Toshiba Touts Algorithm That’s Faster Than a Supercomputer

6502

Japan’s Toshiba Corp. says it has the technology to make such rapid-fire calculations a reality -- not quite quantum computing, but perhaps the next best thing. Toshiba’s “Simulated Bifurcation Algorithm” is designed to harness the principles behind quantum computers without requiring the use of such machines, which currently have limited applications and can cost millions of dollars to build and keep near absolute zero temperature. Toshiba has said it needs a partner to adopt the algorithm for real-world use, and financial firms have taken notice as they grapple for an edge in markets increasingly dominated by machines. “There is a lot of talk about applications of quantum computing in finance, but it’s not very clear where it would be all that necessary,” said Takanobu Mizuta, a fund manager and senior researcher at Sparx Group Co. Optimizing a portfolio is not something that needs to be done in microseconds and calculations involved in high-frequency trading, where speed counts, are not very complicated, Mizuta said.

Read Full Details

Topics:
  • Business
  • Technology
  • Science

Wednesday, January 15


News

Toshiba closer to winning takeover bid for NuFlare with major shareholder backing

TRI 6502

TOKYO, Jan 15 (Reuters) - Toshiba Corp 6502.T moved a step closer to winning a takeover bid for chip equipment unit NuFlare Technology Inc 6256.T after receiving backing from a major shareholder on Wednesday. Toshiba Machine Co 6104.T, NuFlare's second-largest shareholder and a former subsidiary of Toshiba Corp, said on Wednesday it would sell its 15.8% stake in NuFlare to its former parent, shrugging off a higher counter offer by Hoya Corp 7741.T. Optical products maker Hoya has offered 12,900 yen per NuFlare share or $1.4 billion - a rare unsolicited bid in Japan, topping Toshiba's offer of 11,900 yen for each share it does not own. It wants at least two-thirds of NuFlare, meaning Toshiba would need to sell part of its stake, but Toshiba's board has decided not to accept Hoya's offer, saying the chip equipment unit is core to the group.

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News

Opto-isolator Market Size 2020 by Top Leading Companies- Fairchild, Toshiba, Avago (FIT), Vishay Intertechnology, Renesas – Fusion Science Academy

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The subject matter experts and team of highly-skilled researchers have put in hours of work to collate an authentic research report on the Opto-isolator Market. 1.1 Overview of the Market 1.2 Scope of Report 1.3 Assumptions. 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porters Five Force Model 4.4 Value Chain Analysis. 8.1 Overview 8.2 North America 8.2.1 U.S. 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 U.K. 8.3.3 France 8.3.4 Rest of Europe 8.4 Asia Pacific 8.4.1 China 8.4.2 Japan 8.4.3 India 8.4.4 Rest of Asia Pacific 8.5 Rest of the World 8.5.1 Latin America 8.5.2 Middle East.

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Saturday, January 11


News

Toshiba Smart Microwave With Ability to Pair with Amazon Alexa and Google Home Debuts at CES 2020

GOOG GOOGL +2 more GOOG GOOGL 6502 AMZN

The Toshiba smart microwave oven integrates state-of-the-art voice control technology to create a versatile kitchen assistant that meets everyone's daily cooking needs. With the ability to pair with Amazon Alexa or Google Home, users can control the Toshiba smart microwave using natural voice commands for the ultimate in convenience and hands-free navigation. "Smart homes are the latest technological trend," said Dr. Scott Sun from Massachusetts Institute of Technology (MIT), USA, Chief Technologist of Toshiba Microwave Oven Overseas. With a compatible smart speaker such as an Amazon Echo, voice commands can be used to start, pause and stop re-heating, or specify cooking times.

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