Toshiba to boost hard-drive production by 35 pct-Nikkei
Toshiba Corp. is planning to increase production of its hard-disk drives by 35 percent by the end of fiscal ...
Toshiba Corp. is planning to increase production of its hard-disk drives by 35 percent by the end of fiscal 2014 to tap into growing demand from data centers and PC makers, the Nikkei reported.
Toshiba will invest between 15 billion yen and 18 billion yen over the next three years for the expansion at three plants in Philippines and China, the business daily said.
To boost hard-drive production by 35 pct
Greater use of cloud computing and media downloads by consumers has led to higher demand for data storage devices, the Japanese daily said.
The company's monthly hard-drive output capacity, which now stands at 11 million units, is expected to rise to 12 million by the end of fiscal 2012 and 15 million by the end of fiscal 2014, the daily said.
Toshiba expects combined sales of its hard drives and solid-state drives to touch 850 billion yen in fiscal 2015 from about 400 billion yen in fiscal 2011, the Nikkei reported.
More from News AnalysisReuters
Why AI notetakers are raising serious privacy and security concerns
China's low-cost AI models are changing the global AI race. Here's why Silicon Valley is worried
China's Kimi K3 challenges US AI leaders with frontier-level performance at lower cost
How did Instagram run ads promoting child abuse in India?
Why has India halted WhatsApp’s username feature before launch?