Edition:
India

Makiko Yamazaki

Toshiba targets $3 billion revenue in quantum cryptography by 2030

18 Oct 2020

TOKYO Toshiba Corp said on Monday it aims to generate $3 billion in revenue from its advanced cryptographic technology for data protection by 2030, as the Japanese sprawling conglomerate scrambles to find future growth drivers.

TSE sets up committee on outage as Fujitsu continues investigation

07 Oct 2020

TOKYO The Tokyo Stock Exchange (TSE) has appointed four external board members to a committee to investigate last week's trading outage as its system developer, Fujitsu Ltd , continues to examine the cause of the incident.

CORRECTED-UPDATE 3-TSE sets up committee on outage as Fujitsu continues investigation

07 Oct 2020

TOKYO, Oct 5 The Tokyo Stock Exchange (TSE) has appointed four external board members to a committee to investigate last week's trading outage as its system developer, Fujitsu Ltd, continues to examine the cause of the incident. A hardware glitch paralysed trading in the world's third-largest equity market on Thursday, testing the exchange's credibility just as the country's new prime minister prioritises digitalisation.

NEC to buy Swiss software firm Avaloq for $2.2 billion

05 Oct 2020

TOKYO Japan's NEC Corp said on Monday it will buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion), a move that will spearhead its entry globally into finance software.

Japan's NTT launches $40 billion buyout of wireless unit Docomo

29 Sep 2020

TOKYO Japan's Nippon Telegraph and Telephone Corp (NTT) said it will spend 4.25 trillion yen ($40 billion) to take its wireless carrier business private, in a deal that opens the path to lower prices as the government calls for cuts.

Japanese chipmaker Kioxia shelves $3.2 billion IPO amid U.S.-China tensions

28 Sep 2020

TOKYO Kioxia Holdings Corp, the world's second-largest maker of flash memory chips, on Monday shelved plans for what would have been Japan's largest initial public offering (IPO) this year, as U.S-China tensions cloud the global chip market.

Japan looks to AI as coronavirus challenges go-and-see quality control mantra

24 Sep 2020

TOKYO At a factory south of Japan's Toyota City, robots have started sharing the work of quality-control inspectors, as the pandemic accelerates a shift from Toyota's vaunted "go and see" system which helped revolutionise mass production in the 20th century.

Exclusive: Top Toshiba investor calls for inquiry in widening votes scandal

24 Sep 2020

TOKYO Toshiba Corp's top investor has called for an investigation of a botched meeting in July at which it says several shareholders were deprived of their vote, a letter to the Japanese conglomerate's board seen by Reuters shows.

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