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Not the Allbirds effect: Japan’s top bidet maker Toto has been quietly making chip supplies for decades, and the stock market finally noticed

Toto didn't just flush its old business to make chips: it's been making the same components to power the world's AI infrastructure for years.

Not the Allbirds effect: Japan’s top bidet maker Toto has been quietly making chip supplies for decades, and the stock market finally noticed

Toto didn't just flush its old business to make chips: it's been making the same components to power the world's AI infrastructure for years.

Technology Fortune May 18, 2026

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