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News Breaks
January 15, 2014
06:19 EDTTOSBFToshiba to take 60% share in NuGen Moorside Project in the UK
Toshiba announced that it has reached agreements with GDF SUEZ of France and Iberdrola of Spain to take a 60% stake in NuGeneration Limited, the UK-based nuclear energy company which plans to develop nuclear power plants at the Moorside site in West Cumbria, Northwest England. As the majority owner of NuGen, Toshiba, in collaboration with its group company, Westinghouse Electric Company, intends to move forward with the construction of three AP1000 nuclear reactors on the Moorside site, in partnership with GDF SUEZ, a leading European nuclear operator. Under an agreement with Iberdrola dated December 21, 2013, Toshiba will purchase all of Iberdrolaís indirect 50% holding in the project. Under a separate agreement reached in January 2014 with GDF SUEZ, Toshiba will purchase a further 10% holding in the project giving Toshiba a 60% stake in NuGen. The provisional total purchase price of 102 million pounds sterling is subject to adjustment, as is customary in such major transactions, while final agreements are subject to obtaining the relevant authorisations and consents and other required processes. Toshiba aims to complete the overall transaction within the first half of calendar year 2014. NuGenís Moorside project focuses on the development of a new generation nuclear power station and represents a major investment in the future, and in supporting the UK to meet the challenges of securing a stable, affordable, future energy supply and cutting CO2 emissions. The three AP1000 units to be built on the site, developed by Westinghouse, will have a combined capacity of 3.4 gigawatts. Building on this major development, Toshiba and Westinghouse will seek further opportunities to build AP1000 reactors in Europe and other key geographies.
News For TOSBF From The Last 14 Days
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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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September 9, 2014
08:03 EDTTOSBFToshiba announces availability of 2014 4K Ultra HD TVs
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06:55 EDTTOSBFToshiba CEO aims to invest $1.9B yearly in chip division, Reuters says
Toshiba CEO Hisao Tanaka said that the company aims continue investing approximately $1.9B yearly into its chip division beyond FY14, according to Reuters, citing comments from Tanaka. Reference Link
05:22 EDTTOSBFToshiba, SanDisk start construction of Fab 2 facility at Yokkaichi, Japan
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September 5, 2014
11:39 EDTTOSBFIntel launches Core M processor, available Holiday 2014
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September 4, 2014
06:30 EDTTOSBFIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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