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Toshiba set to invest $1 billion, as chip demand soars

Toshiba will invest 100 billion yen in the new plant,(1 billion$)

Strategic invest will be focused towards 300-millimeter fabrication line currently building at an existing chip plant,to more than double production of power management semiconductors, aiming to catch up with power chip giants such as Infineon Technologies AG

– Toshiba spokesperson said to Nikkei

The new plant is set to start operating by 2025, and  when complete, Toshiba’s power chip output capacity would be 2.5 times its current level.

Depending on growing demand, the new plant could further expand with additional investment

The spokesperson confirmed for Nikkei