Nidec to Divest Low-Profit Units, Invest in AI for Rebound Plan
Nidec Corp. pledged to sell off low-profit units such as household appliances and automotive motors while investing in high-growth areas like AI and semiconductors, its new Chief Executive Officer said,...
By Reed Stevenson · Bloomberg
Nidec Corp. pledged to sell off low-profit units such as household appliances and automotive motors while investing in high-growth areas like AI and semiconductors, its new Chief Executive Officer said, in an attempt to come back from an accounting scandal that’s wiped off a third off its market value.