Subscribe to our free daily newsletters
. 24/7 Space News .




Subscribe to our free daily newsletters



INTERNET SPACE
Toshiba sells TV business to China's Hisense
by Staff Writers
Tokyo (AFP) Nov 14, 2017


Struggling Japanese conglomerate Toshiba said Tuesday it has decided to sell its television business to China's Hisense Group as part of its efforts to restore its balance sheet.

Toshiba agreed with the Chinese group to sell 95 percent in shares of its unit Toshiba Visual Solutions (TVS) for about 12.9 billion yen ($114 million), it said in a statement.

"Toshiba has been considering structural reforms that will ... strengthen Toshiba's financial base," the firm said.

"It has become difficult for Toshiba itself to further invest its management resources and execute measures to strengthen the competitiveness" of the TV business, it said.

Accordingly, it determined that the best way to strengthen the business is "to transfer it to Hisense".

The announcement came days after the Tokyo-based firm said it logged a net loss of $436 million for the fiscal first half, as it moves to complete the multi-billion-dollar sale of its chip business.

After months of wrangling with competing bidders, Toshiba said in September it had formally signed an agreement to sell the chip unit for 2 trillion yen to a consortium led by US investor Bain Capital, which included US tech giants Apple and Dell as well as South Korean chipmaker SK Hynix.

The chip unit brought in around a quarter of Toshiba's total annual revenue and is the crown jewel in a vast range of businesses ranging from home appliances to nuclear reactors.

The deal is seen as crucial to the survival of the cash-strapped company, one of Japan's best-known firms.

Toshiba is on the ropes after the disastrous acquisition of US nuclear energy firm Westinghouse, which racked up billions of dollars in losses before being placed in bankruptcy protection.

INTERNET SPACE
Wireless handheld spectrometer transmits data to smartphone
Washington DC (SPX) Nov 14, 2017
Spectral images, which contain more color information than is obtainable with a typical camera, reveal characteristics of tissue and other biological samples that can't be seen by the naked eye. A new smartphone-compatible device that is held like a pencil could make it practical to acquire spectral images of everyday objects and may eventually be used for point-of-care medical diagnosis in remo ... read more

Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
Stressed seedlings in space

NASA Completes Review of First SLS, Orion Deep Space Exploration Mission

Science has more impact when researchers travel, collaborate

Brazil's tech junkies seek healing at digital detox clinic

INTERNET SPACE
Vega launches Earth observation satellite for Morocco

Orbital ATK Successfully Tests First Motor Case for Next Generation Launch Vehicle

Russia embezzlement probe at rocket firm Soyuz

Alaska Aerospace Launches Aurora Launch Services Company

INTERNET SPACE
NASA Opens $2 Million Third Phase of 3D-Printed Habitat Competition

How long can microorganisms live on Mars

Insight will carry over two million names to Mars

Opportunity Does a Wheelie and is Back on Solid Footing

INTERNET SPACE
China's reusable spacecraft to be launched in 2020

Space will see Communist loyalty: Chinese astronaut

China launches three satellites

Mars probe to carry 13 types of payload on 2020 mission

INTERNET SPACE
European Space Week starts in Estonia

New Chinese sat comms company awaits approval

Myanmar to launch own satellite system-2 in 2019: vice president

Eutelsat's Airbus-built full electric EUTELSAT 172B satellite reaches geostationary orbit

INTERNET SPACE
A new way to mix oil and water

Building better silk

Plasma from lasers can shed light on cosmic rays, solar eruptions

Measuring atoms for better navigation and mineral detection

INTERNET SPACE
Scientists find potential 'missing link' in chemistry that led to life on earth

18-Month Twinkle in a Forming Star Suggests a Very Young Planet

Overlooked Treasure: The First Evidence of Exoplanets

Atmospheric beacons guide NASA scientists in search for life

INTERNET SPACE
Watching Jupiter's multiple pulsating X-ray Aurora

Help Nickname New Horizons' Next Flyby Target

Juno Aces 8th Science Pass of Jupiter, Names New Project Manager

Jupiter's X-ray auroras pulse independently




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement