Toshiba to invest $1 billion to Double Power Chip Production.

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Toshiba to invest $1 billion to Double Power Chip Production.

Toshiba Corp said on Friday it will contribute around 125 billion yen ($1.09 billion) to beyond twofold creation of force the executives’ semiconductors, planning to find power chip goliaths like Infineon Technologies AG.

The Japanese modern combination will construct a state-of-the-art 300-millimeter creation plant in focal Japan for power the board chips, which productively control electric power in vehicles, electronic gadgets, and industrial hardware.

Toshiba will put around 100 billion yen in the new plant, on top of a 25 billion yen interest in a 300-millimeter manufacture line it is working at a current chip plant, a Toshiba representative said.

The new plant is set to begin working by March 2025. At the point when the principal stage is finished, Toshiba’s power chip yield limit would be 2.5 times its present level. Contingent upon request, the new plant could additionally extend with the extra venture, the representative said.

($1 = 114.8700 yen)

TOKYO (Reuters)


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