Slashdot Mirror
Toshiba Will Spin Off Some Of Its Memory Business (computerworld.com)
Lucas123 writes: Toshiba, which invented NAND flash, plans to sell off an as-of-yet undisclosed portion of its memory business, including its solid-state drive unit, to Western Digital. Toshiba is spinning the business off to WD, a business ally, because it hopes in the long run the Toshiba-WD alliance will enable an expansion in NAND flash production capacity and increased efficiency in storage product development... Currently, Toshiba and WD together represent 35% of global NAND flash production; Samsung leads that market with 36% of production. "Toshiba wants to put its memory business in a more stable financial position," said Sean Yang, research director of DRAMeXchange. "Facing mounting operational and competitive pressure, the spun-off entity will be more effective in raising cash to stay afloat or expand"...
Toshiba's solvency and fundraising ability are also in trouble because of a $1.9 billion accounting scandal and a multi-billion dollar loss related to a nuclear plant purchase. Last week, Toshiba announced its share price had tumbled 13% after reports that its nuclear power business had lost $4.4 billion.
Toshiba's solvency and fundraising ability are also in trouble because of a $1.9 billion accounting scandal and a multi-billion dollar loss related to a nuclear plant purchase. Last week, Toshiba announced its share price had tumbled 13% after reports that its nuclear power business had lost $4.4 billion.
Nope, just one more nail in the coffin of nuclear energy. If Westinghouse, the makers of the fabulous AP-1000 fourth gen reactor can't figure out how to make them without staying an order of magnitude within it's budget it's doubtful anybody is going to try it. Especially with wind and solar chewing on the insulation.
We are just a battery technology away from killing it altogether.
Which may or may not be a good thing. Lots to be said for a relatively compact, long lived, gigawatt level power supply. To bad we don't have the maturity to use it.
Faster! Faster! Faster would be better!