TOKYO -- Toshiba expects its semiconductor business to drive a profit recovery in the near term as it looks to achieve a 10% margin "early" on, CEO Taro Shimada said on Friday, following the completion of Toshiba's privatization earlier in the day.
Toshiba in turmoil
Toshiba expects chips and infrastructure to lead profit recovery
CEO Taro Shimada aims for 'early' arrival at 10% profit margin goal
Toshiba CEO Taro Shimada, a former Siemens executive, is a strong advocate of turning Toshiba, an industrial equipment maker, into a digital service company. (Photo by Mayumi Tsumita)
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