Toshiba plans to split into three separate companies in response to shareholder pressure.
Responding to pressure from activists after years of scandal and mismanagement, the three companies will be: a public company focused on tech devices, a public company for infrastructure services, and a private company with stakes in memory chipmaker Kioxia as well as other assets. The Japanese firm said they spinoff plan should be completed by the second half of 2023, and will improve shareholder value. Link
