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Toshiba pulls out of laptop business and transfers stake to Sharp

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Toshiba has decided to stop making laptops and instead focus on its semiconductor business. The company will transfer the ownership of its laptop division to Sharp, the Japanese electronics firm that already owns a stake in the company.

The toshiba laptop sold to sharp is a recent event that has taken place. Toshiba has decided to sell their laptop business and transfer the stake to Sharp.

The 35-year-old firm, which was a leading PC maker from 1990 to 2000, has sold its 19.1 percent remaining stake to Sharp and chosen to leave the laptop market. Toshiba is credited with being the first laptop maker, with the T1100 being released in 1985.

 

In 2018, Toshiba sold its 80.1 percent share to Sharp for $36 million, and Sharp rebranded the business Dynabook. Sharp has now exercised its right to buy the remaining shares, with Toshiba stating, “…On June 30, 2020, under the terms of the share purchase agreement, Sharp exercised a call option for the remaining outstanding, and Toshiba has completed procedures for their transfer,” after the deal was completed.

Toshiba T1100T1100 Toshiba

Toshiba’s T1100 laptop computer, which operated off a floppy disk and didn’t have a hard drive, was dubbed “the world’s first mass-market laptop computer.” It featured a text-only 640×200 LCD and a 4.77 MHz Intel 80C88 CPU. This was a successful debut in Europe, followed by further successful developments such as the T3100, which had a plasma display and a hard drive and was dubbed the “king of laptops” and won many awards.

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Frequently Asked Questions

Is Toshiba out of the laptop business?

Toshiba is still in the laptop business.

Does Toshiba own Sharp?

Toshiba does not own Sharp.

What happened with Toshiba laptops?

Toshiba discontinued their laptop division in 2006.

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