TOKYO -- When Ricoh and Toshiba announced plans Friday to combine production of printers, copiers and other office machines, they cited declining demand and the rise of remote work. But preventing the outflow of cutting-edge technology to China might have also factored in.
Business deals
Ricoh-Toshiba deal driven by pandemic-era telecommuting and more
China's technology transfer rules another possible reason to merge printer operations
Ricoh President and CEO Akira Oyama, right, and Toshiba Tec counterpart Hironobu Nishikori shake hands in Tokyo on May 19. (Photo by Mayumi Tsumita)
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