Fujifilm pours $64 million into magnetic tape production as AI storage demand surges

Serving tech enthusiasts for over 25 years.
TechSpot means tech analysis and advice you can trust.

Thanks, AI: Despite their origins in the early days of computing and digital media, magnetic tapes have never completely disappeared from the market. In fact, demand for data storage is so high right now that tape manufacturers are investing millions to expand their production capacity.

Fujifilm recently announced a significant new investment in its magnetic tape manufacturing operations. The Japanese giant will spend 10 billion yen, or around $64 million, to expand production capacity at its Kanagawa Factory in the city of Odawara. The site manufactures magnetic tapes for data storage workloads, and the IT world is certainly in desperate need of cheap, reliable storage these days.

The new investment will run from fiscal year 2026 through 2028, Fujifilm said. The company will use the newly allocated funds to expand Kanagawa's manufacturing...

Copyright of this story solely belongs to www.techspot.com. To see the full text click HERE