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TOSHIBA CORPORATION

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Toshiba : Electronic Devices & Storage Corporation Announces Major Investment in Power Devices Business

03/09/2021 | 06:00pm EDT

Toshiba Electronic Devices & Storage Corporation ('Toshiba') will expand production capacity for power devices with the construction of a 300-millimeter wafer fabrication facility at Kaga Toshiba Electronics Corporation in Japan. Mass production on the new line will start in the first half of fiscal year 2023.

Power devices are essential components for managing and reducing power consumption by vehicles and industrial and other electrical equipment. Growth in the e-vehicle, factory automation and renewable energy sectors continues to drive demand growth for power devices.

Toshiba has until now met demand by expanding production capacity on a 200mm wafer facility at Kaga Toshiba Electronics Corporation. The company will construct the new 300mm facility in a building on the same site that currently houses a 200mm line. The new 300mm line will be used to manufacture low-voltage metal-oxide-semiconductor field-effect transistors (MOSFETs) and insulated gate bipolar transistors (IGBTs).

Toshiba will make decisions on further investments to increase output in line with market conditions. It will also continue to expand production of discrete semiconductors, including power devices, at Japan Semiconductor Corporation, a manufacturing subsidiary that mainly produces system LSIs.

Toshiba will strengthen its power device business by expanding production capacity and continue to contribute to advances in energy-saving.

Disclaimer

Toshiba Corporation published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 04:21:02 UTC.


© Publicnow 2021
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Financials
Sales 2021 3 076 B 27 906 M 27 906 M
Net income 2021 84 063 M 763 M 763 M
Net Debt 2021 70 157 M 636 M 636 M
P/E ratio 2021 25,7x
Yield 2021 1,03%
Capitalization 2 167 B 19 655 M 19 660 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,72x
Nbr of Employees 125 648
Free-Float 93,4%
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Number of Analysts 10
Average target price 4 753,50 JPY
Last Close Price 4 775,00 JPY
Spread / Highest target 14,2%
Spread / Average Target -0,45%
Spread / Lowest Target -17,7%
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Managers and Directors
NameTitle
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Satoshi Tsunakawa President & Chief Executive Officer
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Yoshimitsu Kobayashi Independent Outside Director
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