Toshiba doubles down on memory
In Tokyo yesterday, Japanese consumer electronics giant Toshiba announced plans to spend more than $18 billion on new high-tech factories and other capital equipment. Yoshiko Hara of EETimes breaks out the spending, noting that roughly half will go towards semiconductors -- of which the lion's share will be flash memory for mobile phones and digital cameras. Toshiba partners with SanDisk for flash-memory production, and the companies are now slated to develop two new chip fabs. That's good news for gadget buyers, since the investment will likely lead to higher capacity chips at cheaper prices.

The enormous investment raised for some the specter of oversupply, writes Hara, but Toshiba CEO Atsutoshi Nishida brushed such concerns aside, saying, "We'll decide the actual execution of the investment based on the market situation." Industry analysts are generally pleased by the news, expecting that it will boost Toshiba's share of the critical flash-memory market relative to market leader Samsung, which is also investing heavily in flash.
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.