Toshiba to invest $640m in semiconductors with eye to EVs, electric grid

Japanese group also plans to expand India plant for power transmission tech

20240612N Toshiba semiconductor

Toshiba will focus its investments on power semiconductors used in electric vehicles and power equipment. (Toshiba)

AYA ONISHI, Nikkei staff writer

TOKYO -- Toshiba plans roughly 100 billion yen ($640 million) in capital spending to build up its semiconductor business over the next three years, according to a top executive, as the Japanese industrial group pursues new growth since going private.

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