Asian Tech Press (Nov 8) -- Japanese electronics giant Toshiba Corp (TYO:6502) will split itself into three companies that focus on infrastructure, devices and semiconductor memory as early as 2023, the Nikkei reported Monday.

All three companies are expected to go public at some point, the report said. And the move is part of Toshiba's strategy to increase shareholder value by creating separate companies with different profit structures and growth strategies.