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Latest Tech News

For driverless cars, a moral dilemma: Who lives or dies? -

For driverless cars, a moral dilemma: Who lives or dies?Imagine you're behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you're confronted with an impossible choice: veer right and mow down a large group of elderly people, or ...


Wed, 18 Jan 2017 00:25:09 -0500
Toshiba mulls chips business stake sale to Western Digital : source -

FILE PHOTO: The logo of Toshiba Corp is pictured at its headquarters in TokyoBy Makiko Yamazaki and Kentaro Hamada TOKYO (Reuters) - Toshiba Corp is looking to sell a minority stake in its core semiconductor business to Western Digital Corp , a source said, in a bid to dull the blow from a looming multi-billion-dollar writedown on a U.S. nuclear acquisition. The laptops-to-engineering conglomerate, still recovering from a $1.3 billion accounting scandal, shocked investors last month by announcing cost overruns at a U.S. nuclear business it bought in 2015 which could now mean a charge against profit topping $4 billion. Toshiba does not have many options to offset the impact of this writedown that could wipe out its shareholders' equity.


Wed, 18 Jan 2017 00:02:06 -0500
Toshiba in talks to sell chip business stake to Western Digital: source -

Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in TokyoToshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday. Toshiba said in a statement earlier that it had been considering various options for its memory business, including a spin-off, but that nothing concrete had been decided. California-based data storage company Western Digital operates a NAND flash memory plant in the city of Yokkaichi in Mie prefecture with Toshiba.


Tue, 17 Jan 2017 23:13:56 -0500


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