Toshiba to invest $1 billion to double power chip production
Reuters
Published Feb 04, 2022 01:02AM ET
TOKYO (Reuters) - Toshiba (OTC:TOSYY) Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with power chip giants such as Infineon (OTC:IFNNY) Technologies AG.
The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which efficiently control electric power in cars, electronic devices and industry equipment.
Toshiba will invest around 100 billion yen in the new plant, on top of a 25 billon yen investment in a 300-millimeter fabrication line it is building at an existing chip plant, a Toshiba spokesperson said.
The new plant is set to start operating by March 2025. When the first phase is complete, Toshiba's power chip output capacity would be 2.5 times its current level. Depending on demand, the new plant could further expand with additional investment, the spokesperson said.
($1 = 114.8700 yen)
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Written By: Reuters
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