Toshiba is Japan's largest semiconductor manufacturer and the second largest integrated motor manufacturer, and is part of the Mitsui Group. The company was founded in July 1875, formerly known as Tokyo Shibaura Electric Co., Ltd., and was formed in 1939 through the merger of Tokyo Electric Co., Ltd. and Shibaura Manufacturing Co., Ltd. Its business fields include digital products, electronic components, social infrastructure equipment, home appliances, etc. Since the 1980s, Toshiba has transformed from a company focusing on household appliances and heavy-duty motors to a comprehensive electronic and electrical company including communications and electronics. Entering the 1990s, Toshiba has achieved rapid development in the fields of digital technology, mobile communication technology and network technology, and has successfully transformed from a giant in the home appliance industry to a pioneer in the IT industry. Toshiba Memory will officially change its name to Kioxia Holdings Corporation on October 1, 2019