Japan’s electronics giant Toshiba is on the verge of bankruptcy, and the Financial Times is reporting that this is attributable to Toshiba’s decision to go big into a revival of nuclear power through its acquisition of Westinghouse: In a humiliating setback for a conglomerate that had only recently…
Japan’s electronics giant Toshiba is on the verge of bankruptcy, and the Financial Times is reporting that this is attributable to Toshiba’s decision to go big into a revival of nuclear power through its acquisition of Westinghouse:
In a humiliating setback for a conglomerate that had only recently touted its nuclear business as a core growth driver, Toshiba said it would pull out of constructing new plants overseas and focus on providing less lucrative but lower-risk reactor designs and nuclear equipment. One investor says the potential downsizing of Toshiba’s nuclear ambitions could make what remains of the company difficult “even for a contrarian investor to consider.
