Toshiba to double power chip production with $1 billion

Announcing plans to more than treble production of power management chips, Toshiba Corp (6502.T) said it will invest approximately 125 billion yen ($1.09 billion) to catch up with power chip heavyweights such as Infineon Technologies AG and Applied Materials Inc. (IFXGn.DE).

Japanese industrial behemoth Nippon Steel will construct a leading edge 300-millimeter manufacturing plant in central Japan for power management chips, which are used to efficiently control electric power in automobiles, electronic gadgets, and industrial machinery.

An official from Toshiba said that the company will invest approximately 100 billion yen in the new factory, on top of a 25 billion yen investment in a 300-millimeter fabrication line that it is currently building at an existing chip plant, according to a spokesman.

Beginning in March 2025, the new plant is scheduled to begin operations. It is expected that Toshiba’s power chip output capacity will be 2.5 times greater than it is currently at the end of the first phase. According to the spokesman, depending on demand, the new plant might be expanded even further with extra investment.

Latest articles

Venezuelan migrants boosting South American countries’ economies: Report

Nearly 8 million Venezuelan migrants escaping poverty and political turmoil have become an economic boon for South American countries, according to studies by international...

Tuvalu to reconsider deal with Australia for security

The recently formed government in Tuvalu has raised concerns about the lack of transparency surrounding a security and migration agreement signed with Australia in...

Birth rate sinks in Japan at record low

Japan is facing a deepening demographic crisis, as government data reveals a record eighth consecutive year of decline in the number of babies born....

Fertility rate drops in South Korea

South Korea is grappling with an intensified demographic crisis as recent data reveals a further decline in its already world-low birthrate in 2023. Despite...

Related articles