Toshiba to invest $640m in semiconductors with eye to EVs, electric grid

TOKYO -- Toshiba plans roughly 100 billion yen ($640 million) in capital spending to build up its semiconductor business over the next three years, according to a top executive, as the Japanese industrial group pursues new growth since going private.

"We expect the total investment amount companywide to be at the same level as the past three years, but we will channel investment to growing businesses," Senior Executive Vice President Koji Ikeya told Nikkei recently.