World Economy

200b Yen in Chips

200b Yen in Chips200b Yen in Chips

Japan's Toshiba Corp will maintain an annual investment of around 200 billion yen ($1.9b) into its chip business beyond the current business year, Chief Executive Hisao Tanaka said on Tuesday. Speaking at the opening ceremony of its chip fabrication plant, he said the company was seeking operating profit of more than 200b yen this year (ending March 2015), Reuters reported.