Toshiba's quarterly earnings of $two hundred million a substantial increase in semiconductor investment

Toshiba released second quarter financial report, net profit of 23 billion 500 million yen ($204 million), an increase of 45% over the same period last year. Toshiba also said it would increase its investment in semiconductors by 33% to a record $225 billion this fiscal year.

Toshiba is the second largest manufacturer of flash memory, which accounts for more than half of Toshiba's operating profit. Toshiba hopes to increase investment to 300 mm wafer production increased 22%, reaching 48750 at the end of March 2007, half a year ahead of schedule. Toshiba Yokkaichi production in the west of Tokyo, 300 mm wafer, the plant is a joint venture between Toshiba and SanDisk. Toshiba said in August that it plans to increase operating margin to 10% by 2008.

Toshiba's second quarter revenue of $1 trillion and 601 billion, compared to the same period last year was 1 trillion and 534 billion yen, operating profit of $53 billion 300 million, an increase of 46%. Japanese companies have ruled the memory industry, but Samsung and Taiwan companies have recently taken away market share, Japanese companies in the cost of competition.