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Toshiba to invest $1b to double power chip production

Reuters . Tokyo
04 Feb 2022 19:27:43 | Update: 04 Feb 2022 19:27:43
Toshiba to invest $1b to double power chip production
Chips are pictured at a semiconductor packaging firm in Ipoh, Malaysia October 15, 2021 — Reuters Photo

Toshiba 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 Technologies AG.

The Japanese industrial conglomerate will build a cutting-edge 300-millimetre 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-billion-yen investment in a 300-millimetre 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.

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