Nidec lays out recovery plan with unit sales and investments for AI

Nidec pledged to sell off low-profit units such as household appliances and automotive motors while investing in its businesses for the artificial intelligence, chips and energy sectors, seeking to restore investor trust after an accounting scandal wiped off a third of its value. In his first public appearance, Kaida said the world’s largest maker of precision motors would try to return to growth by focusing on sectors like data center equipment, power generation and energy storage systems.