Toshiba-made Semiconductors are amongst the Worldwide Top 20 Semiconductor Sales Leaders. In 2009, Toshiba was the world's fifth leading personal computer vendor, following Hewlett-Packard of the U.S., Dell of the U.S., Acer of Taiwan, and Lenovo of China.
Toshiba is a diversified manufacturer and dealer of electrical products, straddling information & communications equipment and systems, Internet-based solutions and services, electronic components and materials, power systems, industrial and social infrastructure systems, and domestic appliances.
Toshiba was founded by the assimilation of two companies in 1939.
One, Tanaka Seisakusho (Tanaka Engineering Works), was Japan's foremost manufacturer of telegraph equipment and was established by Hisashige Tanaka in 1875. In 1904, its first name was changed to Shibaura Seisakusho (Shibaura Engineering Works). Through the first part of the 20th century Shibaura Engineering Works became a chief manufacturer of heavy electrical machinery as Japan modernized all through the Meiji Era and became a world industrial power.
The second company, Hakunetsusha, was established in 1890 and was Japan's first manufacturer of incandescent electric lamps. It diversified into the manufacture of other consumer goods and in 1899 was renamed Tokyo Denki (Tokyo Electric).
The combination in 1939 of Shibaura Seisakusho and Tokyo Denki created a new company called Tokyo Shibaura Denki (Tokyo Shibaura Electric). It was almost immediately nicknamed Toshiba, but it was not until 1978 so that the company was officially renamed Toshiba Corporation.
The group lengthened strongly, both by internal growth and by acquisitions, buying heavy engineering and primary industry firms in the 1940s and 1950s and then spinning off subsidiaries in the 1970s and further than. Groups formed include Toshiba EMI (1960), Toshiba International Corporation (1970's) Toshiba Electrical Equipment (1974), Toshiba Chemical (1974), Toshiba Lighting and Technology (1989), Toshiba America Information Systems (1989) and Toshiba Carrier Corporation (1999).
Toshiba is responsible for a number of Japanese firsts, counting radar (1942), the TAC digital computer (1954), transistor television and microwave oven (1959), color video phone (1971), Japanese word processor (1978), MRI system (1982), laptop personal computer (1986), NAND EEPROM (1991), DVD (1995), the Libretto sub-notebook personal computer (1996) and HD DVD (2005).
In 1977, Toshiba amalgamated with the Brazilian company Semp (Sociedade Eletromercantil Paulista), forming Semp Toshiba.
In 1987, Toshiba Machine, a subsidiary of Toshiba, was accused of unlawfully selling CNC milling machines used to produce very silent submarine propellers to the Soviet Union in violation of the CoCom contract, an international embargo on definite countries to COMECON countries. The Toshiba-Kongsberg scandal concerned a subsidiary of Toshiba and the Norwegian company Kongsberg Vaapenfabrikk. The incident stressed relations between United States and Japan, and resulted in the arrest and action of two senior executives, as well as the imposition of sanctions on the company by both countries. The US had always relied on the truth that the Soviets had noisy boats, so technology that would make the USSR's submarines harder to detect created a major threat to America's security.
In 2001, Toshiba signed a agreement with Orion Electric, one of the world's largest OEM consumer video electronic manufacturers and suppliers, to manufacture and supply finished consumer TV and video products for Toshiba to meet the increasing demand for the North American market. The agreement ended in 2008, ending 7 years of OEM production with Orion.
In December 2004, Toshiba quietly announced it would stop making traditional in-house cathode ray tube (CRT) televisions. In 2006, Toshiba ended production of in-house plasma TVs. Toshiba rapidly switched to Orion as the supplier and maker of Toshiba-branded CRT-based TVs and plasma TVs until 2007. To ensure its prospect competitiveness in the flat-panel digital television and display market, Toshiba has made a significant investment in a new kind of display technology called SED.
Before World War II, Toshiba was a part of the Mitsui Group zaibatsu (family-controlled vertical monopoly). Today Toshiba is a part of the Mitsui keiretsu (a set of companies with interlocking business relationships and shareholdings), and still has special arrangements with Mitsui Bank and the other members of the keiretsu. Membership in a keiretsu has customarily meant loyalty, together corporate and private, to other members of the keiretsu or allied keiretsu. This faithfulness can extend as far as the beer the employees put away, which in Toshiba's case is Asahi.
In July 2005, BNFL established it planned to sell Westinghouse Electric Company, then expected to be worth $1.8bn (£1bn). The bid attracted attention from several companies including Toshiba, General Electric and Mitsubishi Heavy Industries and when the Financial Times reported on January 23, 2006 that Toshiba had won the bid, it cherished the company's offer at $5bn (£2.8bn). The bid astonished many industry experts who questioned the wisdom of selling one of the world's largest producers of nuclear reactors shortly before the market for nuclear power is expected to cultivate substantially; China, the United States and the United Kingdom are all expected to invest a lot in nuclear power.
The achievement of Westinghouse for $5.4bn was completed on October 17, 2006, with Toshiba obtaining a 77% share, and partners The Shaw Group a 20% share and Ishikawajima-Harima Heavy Industries Co. Ltd. a 3% share.
Also, in late 2007, Toshiba's logo replaced the previous Discover Card logo on one of the screens atop One Times Square. It displays the iconic New Year's countdown on its screen, as healthy as messages, greetings, and advertisements in addition for the company.
In January 2009, Toshiba gained the HDD business of Fujitsu. Transfer of the business was thought to be concluded at the end of the fiscal 1st quarter of 2009. Toshiba inherited two TV stations, like antv and tvOne
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