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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.