Fujifilm has announced a significant investment of about 10 billion yen (approximately $63 million) to expand its magnetic tape production capacity by five times. This decision is influenced by the growing demand for data archiving due to generative AI. The expansion will take place at the company's Kanagawa Factory over the fiscal years 2026 to 2028, making it the largest investment in LTO tape facilities to date.
Key facts
- Fujifilm will invest 10 billion yen (about $63 million).
- Production capacity for magnetic tape will increase fivefold.
- The investment is driven by demand from generative AI.
- The project will run from fiscal years 2026 through 2028.
- The expansion will occur at the Kanagawa Factory in Odawara.
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