Toshiba took 2.7 percent of the semiconductor industry’s market share, with annual revenue in 2015 of $9.1 billion. According to Gartner, the Japanese company’s revenue in 2015 slipped 14.1 percent from the previous year.
Toshiba’s semiconductor business, which sells memory chips to Apple and other smartphone makers, competes against Samsung, among other rivals. Toshiba struggled in 2015, grappling with an accounting issue and a management shakeup after stating it had overstated profits by nearly $1.3 billion over seven years.
Looking forward to 2016, the company is tightening its focus on its semiconductor unit by investing up to $3.2 billion in a new factory for flash memory chips.