Japanese companies unite to save Toshiba Corporation: major share buyback expected from Rohm SemiconductorPosted by muhammad AK on July 25th, 2023 In an unmistakable difference in Japanese business, local diversified corporation Toshiba has been saved by an impending "worldwide" buyback of its shares from the stock exchange. Several leading Japanese companies are participating significantly in the deal, including familiar electronic component maker Rohm Semiconductor. Rohm Semiconductor is expected to allocate about .16 billion to buy back Toshiba shares, and is already holding discussions with its company's shareholders on this decision. It's worth noting that Rohm Semiconductor and Toshiba are of course rivals in some areas of power electronics manufacturing, which is gaining traction in the market thanks to the growing interest in electric vehicles. Rohm Semiconductor is aiming for an ambitious 30% market share of silicon carbide components over the next decade. However, after Toshiba becomes a private company, Rohm Semiconductor representatives plan to develop partnerships with it in the procurement of raw materials and production of semiconductor components. It is worth noting that Toshiba's products are more in demand by manufacturers of industrial equipment rather than in the field of electric vehicles, which allows them to openly and fruitfully cooperate with Rohm Semiconductor. According to the current exchange rate valuation, the value of all Toshiba's assets is .3 billion, and therefore Rohm Semiconductor can acquire about one-seventh of these assets. For More Info Check: https://pro-gadgets.com/ Like it? Share it!More by this author |