As we begin 2022, it’s time to look back at the big stories from the past year. COVID, of course, looms large this year but we shouldn’t forget other 2021 industry news stories.
Toshiba Breakup
In mid-November, Toshiba announced its intention to separate into three standalone companies. Infrastructure Service Co. will consist of Toshiba’s energy, infrastructure, building, digital and battery businesses. Device Co. will contain Toshiba’s electronics and storage businesses, including its semiconductor products. Toshiba will maintain its name and will hold its ownership stake in Koxia Holdings Corp and Toshiba Tec Corp. This reorganization is expected to be completed by the end of 2023.
Imprisoned Samsung Heir Faces (Some) Consequences
If this headline sounds familiar, it’s because we’ve been covering the Samsung saga for years now. And while the story changes with each new scandal and revelation, the consequences for Samsung heir, Lee Jae-yong, remain roughly the same.
Canon Data Breach Brings Class Action Lawsuit
Former and current Canon employees are bringing a class action lawsuit against the company for the data breach incident from August 2020. According to The National Law Review, the plaintiffs “allege that Canon was negligent in protecting employee data and violated state trade practice laws by failing to guard against such an attack. The plaintiffs further allege that Canon failed to notify the affected individuals in a timely manner.”
2020 Industry News Reflections
As 2020 comes to a close, it’s time to look back and the big stories from the past year. COVID, of course, looms large this year but we shouldn’t forget other 2020 industry news stories.
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