Toshiba unveils new plan to split into two companies

Toshiba said it plans to spin off its device segment, including the semiconductor business, in a bid to speed up decision-making and boost stock performance.

Tokyo: Japan’s Toshiba has announced plans to split into two companies, revising proposals to divide into three following a tumultuous period for the storied industrial conglomerate.

The group said it plans to spin off its device segment, including the semiconductor business, in a bid to speed up decision-making and boost stock performance.