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Stock Market & Financial Investment News

News Breaks
February 27, 2014
06:51 EDTTOSBF, CAJToshiba to team with Canon for 15nm NAND flash, DigiTimes reports
Toshiba (TOSBF) and Canon (CAJ) are expected to collaborate to develop 15nm NAND chips, DigiTimes reports, citing the Japanese-language Nikkan Kogyo Shimbun. The companies will develop a lithography technology called "nano-imprint" to manufacture 15nm NAND flash products, with volume production expected in 2015. Reference Link
News For TOSBF;CAJ From The Last 14 Days
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September 18, 2014
06:07 EDTTOSBFToshiba reduces PC division workforce by 900 employees
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September 12, 2014
16:20 EDTTOSBFOn The Fly: Closing Wrap
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14:16 EDTTOSBFToyota news doesn't affect Mobileye near-term growth potential, says Wells Fargo
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14:01 EDTTOSBFMobileye sinks after report says Toyota likely to use competitor
Shares of Mobileye (MBLY) are falling after the Nikkei newspaper reported today that Toshiba (TOSBF) is going to make many system chips for automatic driver-assist systems, or ADAS. Toyota (TM) will likely incorporate the chips into vehicles it will release in fiscal year 2015, the newspaper added. Mobileye designs software and chips for camera-based advanced ADAS. WHAT'S NEW: Toshiba plans to begin mass producing the ADAS chips - which will analyze images to help cars respond correctly to traffic lights and avoid dangers on the road - in 2015, Nikkei reported. The chips will be placed in safety systems by another company, Denso, before they are shipped to Toyota, Nikkei noted. WHAT'S NOTABLE: On September 9, Citigroup raised its price target on Mobileye to $62 from $48, as the firm was more confident about the company's chances of landing Toyota as a client after attending the first day of the ITS World Congress. Although Toyota is one of the few large auto makers not utilizing Mobileye's technology, the Japanese giant does recognize Mobileye's distinct technological advantages and expects to obtain ADAS components from more suppliers over the medium term, according to the firm, which kept a Buy rating on Mobileye. However, Deutsche Bank expressed some caution on the stock earlier this week when it downgraded the shares on valuation concerns. But the firm said that it continued to be upbeat about the company's long-term prospects. PRICE ACTION: In mid-afternoon trading, Mobileye slumped $2, or 4%, to $52. The shares debuted on August 12 at about $32.
13:11 EDTTOSBFToshiba to supply chips for Toyota driver-assistance systems, Nikkei says
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06:30 EDTTOSBFGlobal tablet shipments to increase 9.1% in Q3, DigiTimes Research reports
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