“The jobs would move to China from Japan, and furthermore China would go after market share at the expense of crushing
industry economics, so the U. S., Taiwan, Korea, Japan all get hurt substantially by this arrangement.”
Jonathan Soble reported from Tokyo and Paul Mozur from Hong Kong.
Japan — despite having pioneered LCD, or liquid crystal displays — has lost most of its market share in TV screens to South Korea and China.
Toshiba would be parting with parts of its most profitable asset
and giving a competitor — very likely a foreign one — a foothold in the market for flash memory drives, where Japan has managed to retain some of its long-held edge.
Toshiba Casts Doubt on Its Ability to Stay in Business -
By JONATHAN SOBLE and PAUL MOZURAPRIL 11, 2017
TOKYO — Toshiba, a pillar of the modern Japanese economy whose roots stretch back to the country’s industrial stirrings in the 19th century, warned on Tuesday
that a disastrous foray into nuclear power may have crippled its business beyond repair.
