In order to avoid delisting from the Tokyo Stock Exchange due to insolvency, Toshiba is speeding up the sale of its assets to fill the funding loopholes. After selling television services in November, Toshiba further announced that it will consider selling Westinghouse-related assets to third parties and will raise 600 billion yen by issuing new shares.
In March of this year, the bankruptcy of Toshiba’s US nuclear electronics company Westinghouse pushed the century-old store almost to the Jedi. The financial report shows that Toshiba’s fiscal year 2016 (as of March 31, 2017) had a net loss of 965.7 billion yen, or approximately US$8.8 billion, which was the largest annual loss in the history of Japanese manufacturing companies. This is Toshiba’s third consecutive loss. .
Bet on the nuclear power business failed, Toshiba had to sell their assets frequently to cut off their lives. The crisis has not yet been lifted, and the Japanese electronics manufacturing companies represented by Toshiba collectively "collapsed." In recent years, Japanese electronics companies such as Sharp, Panasonic, Sony, Hitachi, etc. have gone through a financial crisis and have been "downsizing" and even embarked on a "sell-in-kind" and fraud-making path. Japanese manufacturing companies have long since ceased to be brilliant.
Sale of assets to avoid delisting
Recently, Toshiba announced that it had decided to transfer a 95% stake in its subsidiary Toshiba Video Solutions Co., Ltd. to Hisense Group. The transaction amount is tentatively at 12.9 billion yen, which is approximately RMB 750 million. It is estimated that it will take place after February 28, 2018. Complete all transfer procedures. According to the agreement, Hisense Electric will enjoy a package of services such as Toshiba TV products, brands, and operation services, and will have 40 years of Toshiba TV brand authorization.
The loss caused by betting on the nuclear power business made Toshiba have to sell assets frequently. Not only did it sell home appliance business. In September of this year, Toshiba agreed to sell its most profitable memory chip business to a consortium led by Bain Capital to make up for the deficit caused by its nuclear power business. The transaction amount is about 2 trillion yen (about 18 billion U.S. dollars).
Toshiba’s financial report for the second quarter of fiscal year 2017, which was announced recently, showed that its quarterly second-quarter operating profit rose by 76% due to its strong performance in its memory chip business. Toshiba said it will increase its capital investment in the chip business from the originally planned 400 billion yen to 600 billion yen this fiscal year.
The industry believes that Toshiba's sale of chip storage business still needs to pass national anti-monopoly review. Toshiba is concerned that the sale proceeds will not be available before the end of March next year, so Toshiba has to consider selling TV business.
In an interview with Toshiba China, he told reporters that the purchase of the memory is being properly promoted and that the transaction will be completed by the end of March 2018. At present, anti-monopoly law review applications have been filed in eight countries and regions around the world.
On December 13, Toshiba sold a major obstacle to its storage business. Toshiba announced that it has reached a settlement agreement with the US Western Digital Corporation (81.62, -1.02, -1.23%), and the two parties will voluntarily withdraw the lawsuit applications filed before the courts in Japan and the United States. At the time when Toshiba sold its memory business, Western Digital once participated in the bid but due to insufficient bids, Western Digital did not apply for a judicial arbitration under a joint production agreement reached by the two parties. It stated that the transaction between Toshiba and a third party may harm Western Digital’s interests. It applied to the court for a ban on sales of Toshiba's flash memory products. This time the two sides reconciled, Toshiba said that in the future will strengthen cooperation with the Western Digital, and is expected to accelerate the sale of the storage business.
At the same time, Toshiba is also considering selling Westinghouse Electric, a huge burden that has dragged Toshiba for several years. On November 19, Toshiba announced that it was considering selling nuclear power company’s Westinghouse related assets and trying to get financing faster by issuing shares. The resolution was to issue new shares through distribution to third parties. The total issuance amounted to approximately 600 billion days. Yuan, and paid off on December 5th.
Toshiba said that the funds raised will be used for the one-time repayment of the parent company's margin in connection with Westinghouse Electric's US nuclear power plant construction project. In addition, it can also solve the current pressing issue, that is, the end of March 2018, the lifting of 750 billion yen in debt problems. By then, it can avoid the company's stock delisting.
All this is due to Toshiba’s purchase of US nuclear power technology company Westinghouse Electric Corporation in 2006 for US$5.4 billion to expand its nuclear power business. At that time, Toshiba was making all efforts to bet on its nuclear power business, and continued to divested its non-core business to obtain liquidity to “transfer†its nuclear power business. It even included the sale of Toshiba’s Ginza’s headquarters building and corporate office building.
However, a major earthquake in the northeastern region of Japan in 2011 triggered an explosion of the Fukushima nuclear power plant that shocked the world. This directly led to global distrust of nuclear power. Some EU countries announced their withdrawal from nuclear power and Toshiba’s nuclear power business also suffered. Heavy damage.
In 2015, Toshiba revealed a financial fraud scandal spanning eight years (2008 to 2015), spanning three generations of presidents, and covering up to US$1.6 billion in financial reports to cover up losses in the nuclear power business. Toshiba’s stock is therefore included in the “Delisting Watch List†by the Tokyo Stock Exchange.
Japan's manufacturing industry ebbs?
Toshiba is now seeking new students. In the information provided to this reporter on "Toshiba's future development," Toshiba mentioned that in order to realize Toshiba Regeneration, the next step will be to eliminate the risks of Japan's overseas nuclear power business, restore and strengthen its financial foundation as soon as possible, and strengthen Toshiba Group. Organization operation. This includes reconsidering Westinghouse’s position in the Toshiba Group and continuing to sell and hold assets. Toshiba said that according to the medium-term plan, Toshiba will focus on social infrastructure, energy, electronic components, and ICT solutions.
"For Toshiba, the current 'injury is not small,' but it should not delist. This reorganization can be either good or bad." Researcher Liu Junhong of the Japan Institute of the Chinese Institute of Contemporary International Relations told this reporter that if Toshiba can take this opportunity to get rid of the nuclear power burden. It is a good thing for Toshiba to compete in the high-end manufacturing field in the future; but if the processing is not decisive, it will delay some time or even miss some good opportunities.
In fact, Toshiba is only a microcosm of Japanese manufacturing companies. In the context of globalization, the manufacturing cost advantages of emerging economies have risen significantly. Toshiba, Sharp, and Sony, which used to be synonymous with Japanese manufacturing, have lost sight of consumer electronics and home appliances. For example, Sharp was acquired by Hon Hai of Taiwan, Sony, and Hitachi has contracted its battle lines and the counterfeit scandals are frequented by Japanese manufacturing companies. Sanyo Electric Co., Ltd. made money in the early days if Toshiba was generally shocked by the world; in October, Japan's Kobe Steel was exposed to falsified product data for a long time.
“The Japanese companies’ past management methods are not very suitable for the current business environment. Japan is a century-old store. The investment method and business model are unchanged for thousands of years. It is difficult to adapt to the current shortened investment cycle, shortened technology cycle, and the market changes very quickly. "The situation." Liu Junhong believes that rising costs such as labor costs and land costs have also caused Japanese companies to find it difficult to maintain market share. Once capital turnover does not begin, Japan's electronics industry has collapsed almost entirely.
Li Yi, director of the World Economic History Research Center at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, believes that in the field of high-tech manufacturing, Japan still has technological advantages, such as the “hidden champion†in some core components. Currently, these problems exposed by Japanese companies are at the stage of transformation. How the future development of Japanese manufacturing companies depends on the judgment of the company's trends, combined with the actual situation of the company itself, such as technological capabilities, human capital, domestic and international market development The ability to take corresponding measures to innovate, and on this issue, Japanese companies may also face some polarization.
PCB Prototype
Cheap PCB Prototype - Manufacturing And Assembly Services
What is PCB prototype and why it should be used
PCB prototype refers to the trial production of printed circuit boards before mass production. After the electronic engineer designs the circuit and completes PCB Layout, the PCB gerber file, etc. is provided to the PCB manufacturer for small batch trial production. The purpose is to verify the correctness of the design and to test individual functions.
The number of PCB prototypes is usually not specified. It may be one piece, ten pieces or other numbers.
After confirming that PCB prototype production and testing are all right, small and medium batch production and mass production can be carried out and electronic products can be put into the market.
PCB prototype manufacturing can be divided into two ways: regular PCB circuit board factory and professional PCB prototype manufacturing company.
Regular factories produce PCB prototypes in order to have batch orders, so of course they want to return orders; PCB prototype manufacturers themselves only do prototypes or small batches, if there is a batch orders generally can not do.
In terms of quality assurance, it is certain that regular factories do better than PCB prototype manufacturing companies. Prototype manufacturing companies are One-Hammer Business. After prototype production is completed, prototype will be sent to you, and then payment will be received. they will not normally carry out flying probe testing. If the quality is not up to you, you have to retake it. Regular factories generally do flying needle testing, from material to process are meticulous and professional, so the quality is often successful once.
A PCB project involves a lot of things, if a product has problems in a certain link, it will easily affect the product development progress; PCB board making is also the same, generally a project, designed PCB will go to prototype manufacturing, do a few boards for testing, if the test passes, all OK, then you can find batch manufacturers in the future. Direct mass production, the price will be much lower than the prototype manufacturer, prototype manufacturer prototype production is mainly highlighted fast.
What are the benefits of PCB prototypes?
Before mass production, we recommend that you use PCB prototype design services for functional testing of new products. The benefits of developing PCB board prototypes include:
If there are any errors, quickly test and correct the design - after waiting more than a week for the board, you will be anxious to get them into your application. You can do this when you pre-test your design with a PCB prototype.
Detection of any early potential design defects-PCB prototype design service allows you to discover any design problems within a few days and correct design errors in time before putting them into production.
Order a small amount of production, MOQ only has five boards if necessary - save money and reduce risk by delaying large orders until you know you have the type of sheet you need.
Benefit from lower production tolerances - It offers a clear indication of how well your PCB will perform
Once the prototype board can meet your quality and performance requirements, you can carry out comprehensive production. Then, we will transition from PCB prototype board service to standard PCB manufacturing service, providing stricter production tolerances and more advanced options, including free manufacturing design (DFM) checks, to detect potential problems that may reduce the quality of PCB.
While it may be tempting to simply order your full printed circuit boards and decide you`ll deal with any design flaws that arise as they come, it`s rarely the most efficient solution. You may get the boards out sooner, but if something goes wrong, it could prove to be a lot costlier and more time-consuming than taking an extra few days to test a prototype.
Using JHY PCB Rapid Prototyping Service saves time and money in the long run
PCB prototyping is a best practice method used worldwide to validate the quality of design before continuing. In the past, some companies might not have time to develop Prototype PCB, waiting for assemblers to put PCB prototypes together and test them. However, due to the rapid prototyping of PCB provided by JHY PCB, this is no longer a problem. You can send your prototype PCB board design Gerber file and production requirements in a week or less, and have a fast PCB prototype. It will give you enough time to test the PCB prototype board and prepare for your regular production operation.
PCB Prototype and PCB Fabrication Manufacturer and service
What is PCB fabrication?
Printed Circuit Board (PCB) fabrication is the assembly method for circuit boards used in electronic and computer devices. The layers of the board are put together along with the specific surface pattern so it can be used in electronics manufacturing.
JHYPCB, China PCB Manufacturer offers PCB prototype and fabrication service with 100% quality guarantee, offers 24 hours Quick Turn PCB prototype and Reliable small-batch PCB (Low Volume PCB Prototyping) production, affordable price and best service.
Prototype PCB Service vs. Standard PCB Service
Using PCB prototype services
Board for design review or pre-production quality testing - Our PCB prototype service is the perfect way to ensure that there are no errors in design before entering mass production.
Fast PCB prototype Turnaround - Fast PCB prototyping means that you can quickly access circuit boards.
With 8 or more layers of boards - As we are trying to get your board back to you as soon as possible, we provide rapid PCB prototyping for boards with 8 or more layers.
FR-4 board - Your PCB prototype will use standard FR-4 material.
If you need, please choose us to provide you with standard PCB manufacturing services:
Small and medium batches and mass production - Once you know that your design is effective, you can contact us to obtain standard PCB services for full production in your application.
Slightly longer turnaround time - Since these are the boards you will actually be using, it takes a little longer to make sure we get everything just right. However, now that you have tested the design, you can go right into your projects once you get your boards.
Boards with up to 32 layers - We have much more flexibility with materials and layers once we have the time to develop your full boards.
FR-4, Aluminum PCB , Metal Core PCB , Flexible PCB , Rigid-Flex PCB , Double-Sided PCB, PCB Stencil , or other types of boards.
Prototype PCB Assembly Services
JHYPCB offers custom PCB Assembly to go along with our high-quality fabrication and component procurement services in China. This includes fast, affordable PCB assembly Prototype service where we take your unique PCB designs, prepare them for the assembly process and perform comprehensive testing to ensure they meet your precise performance requirements. We can provide a complete turnkey PCB Prototype assembly featuring a one-stop shop approach that saves you time, money and hassles.
Benefits of prototype circuit board assembly
Printed Circuit Board (PCB) prototypes are used to reduce the number of errors or defects in the design of a circuit board at an earlier stage. This helps save a lot of costs that otherwise would be spent on rectifying those defects. Thus, most companies prefer to get a prototype PCB assembly servces prior to getting their final design of circuit boards manufactured.
Cheap Fast PCB Prototype
As a China Prototype PCB manufacturer, We are not only offer high-quality products and services, We also provide Cheap and Fast PCB Prototype.
JHY PCB can produce Fast PCB Prototype correctly & quickly& cost-effectively. Various options of lead time can be offered, such as 24 hours,48 hours,72hours, etc. We always make our promise happen! Once you release first Prototype Board order, you will find out that we are the right partner you are looking for.
Advantages
- Discover potential design errors in the beginning.
- Proto PCB can help you to test design rapidly, so any mistake can be revised at once.
- Quick turn PCB, shorter time.
- Smaller quantity, MOQ.
- Lower cost.
- Flexible reaction.
Please see what we can do in our PCB Prototype Board manufacturing capability below. Prompt reply will be offered for your any questions. Accurate quotation will be subject to your Gerber, specifications and delivery time.
|
Item |
Manufacturing Capability |
|
Number of Layers |
1 - 8layers |
|
Order Quantity |
5pcs - 100pcs |
|
Laminate |
FR-4 Standard |
|
Maximum PCB Size(Length x Width) |
600*1000mm |
|
Board Dimensions tolerance |
±0.1mm - ±0.3mm |
|
Board Thickness |
0.4mm - 4mm |
|
Board Thickness Tolerance |
±0.1mm - ±10% |
|
Copper Thickness |
1-6OZ |
|
Min Tracing/Spacing |
2mil/2mil |
|
Solder Mask Color |
Green, White, Blue, Black, Red, Yellow |
|
Silkscreen Color |
White, Black |
|
Surface Finish |
HASL, LF HASL, ENIG |
|
Test |
Flying probe, Testing Fixture |
Additional Information
Prototype Metal Core PCB
PCB Prototype Manufacturing Capability
Double Sided PCB Board Prototype
HDI Technology PCB Prototype
Metal Core PCB Prototyping
Prototype PCB SMT Stencils
Rigid Flex PCB Prototype
Prototype PCB,Prototype Board,PCB Prototype Board,Custom PCB Prototype
JingHongYi PCB (HK) Co., Limited , https://www.pcbjhy.com