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Toshiba Corp is set to invest around 100 billion yen (approximately $640 million) over the next three years, aiming to expand its power semiconductor production to meet the rising demand from the electric vehicle and industrial sectors. This move is part of Toshiba's broader turnaround strategy.

The company will enhance production capacity at its Ishikawa and Hyogo factories in Japan, as well as in Thailand, to cater to the growing need for efficient electric current control in all-electric cars and other devices amid the global decarbonization push.

Toshiba is also exploring partnerships to improve production efficiency, including a planned collaboration with semiconductor maker Rohm Co. This expansion is a segment of Toshiba's 400 billion yen capital investment plan, with 20 billion yen allocated for upgrading power grid device plants in Kanagawa Prefecture and India.

The announcement follows Toshiba's delisting in December after a 2 trillion yen buyout by a consortium led by Japan Industrial Partners Inc., marking a significant step in its recovery from past corporate scandals.

In its recent growth strategy, Toshiba revealed plans to reduce its Japanese workforce by up to 6 percent through early retirement packages, while focusing on growth areas like power semiconductors and digital technologies.

Editor：Lulu

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