Fujifilm to boost tape production 5x as AI fuels archiving demand
Fujifilm plans to expand its Kanagawa Factory to increase production of LTO Ultrium10 tape. The company attributes the need for this expansion to the exponential growth in data generated by generative AI. The investment project will span from fiscal years 2026 through 2028.
Key points
- Investment of approximately 10 billion yen ($63 million).
- Production capacity to increase fivefold compared to FY2025 levels.
- Expansion driven by generative AI's impact on data archiving needs.
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