Toshiba Corporation, a publicly owned company founded in 1875 and headquartered in Japan, is a major player in the connectivity infrastructure sector. Employing over 116,230 people as of 2023, the company reported revenues exceeding $1 billion that year. Historically, Toshiba has held significant positions within Japan's industrial landscape, notably as the country's largest semiconductor manufacturer and its second-largest diversified industrial conglomerate.
Effissimo Capital Management, Toshiba's largest shareholder, tendered its 9.9 percent stake in a US$14 billion takeover on an unspecified date. On an unspecified date, Toshiba's stock price increased significantly due to optimism surrounding the potential sale of its memory chip division. Toshiba issued a legal warning to Western Digital Corp on an unspecified date, accusing the company of harassment. On an unspecified date, Toshiba announced a stress test for its nuclear business to determine the need for a writedown.
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