Panasonic plans to expand its AI business, targeting about JPY1.4 tln in AI
infrastructure-related sales within three years and announced roughly JPY500
bln of investment in the business over the next two fiscal years. The company
raised planned job cuts to 12,000 (from 10,000) and expects JPY145 bln of
savings by FY24. Panasonic’s shares have more than doubled YTD, lifting market
value to a record JPY11.5 tln amid demand for AI infrastructure components
including server electronic parts, circuit-board materials and batteries; the
The firm remains a major battery supplier to Tesla.
