Toshiba was founded by the merger of two Japanese companies, Shibaura Seizosho (Shibaura Engineering Works) and Tokyo Denki (Tokyo Electric). The merger in 1939 created a new company called Tokyo Shibaura Denki (Tokyo Shibabaura Electric). The company was soon nicknamed Toshiba, but it wasn't until nearly 40 years later (1978) that the company was officially renamed Toshiba Corporation. Today, Toshiba is a multinational conglomerate corporation specializing in infrastructure, consumer products, electronic devices and components. Toshiba is among the top 20 leaders in semiconductor sales globally, and the fifth largest personal computer manufacturer.
Toshiba manufactures a diverse mix of products from information and communications equipment, internet-based solutions, electronic components and materials, power systems, industrial and social infrastructure systems, and household appliances. On the consumer end, Toshiba produces PCs, notebook and netbook computers, projectors, HDTVs, DVD players, digital video recorders, networking cameras, and a host of consumer electronic accessories. Toshiba was the forerunner in leading the push for the failed HD DVD (high-definition video) during the format war of 2007-2008. On February 18th, 2008, Toshiba announced its decision to drop the HD DVD format and cease production and distribution of its players. Toshiba has since announced the production of a new line of Blu-ray players, as well as intentions to include Blu-ray drives in their PCs and laptops.
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