Toshiba to spend $380 million expanding HDD production in the Philippines

Toshiba will invest about 60 billion yen ($380 million) to expand its TIP manufacturing sites in the Philippines, aiming to nearly double annual HDD output capacity by FY2027 versus FY2025. The company holds 11% of the HDD market and targets a 30% share within 3-5 years, with 65 TB-class drives planned for 2030.

• Investment is about 60 billion yen ($380 million) across TIP plants in the Philippines
• Goal is to nearly double output capacity by FY2027 compared with FY2025
• Toshiba holds 11% of the HDD market versus roughly 44% each for Seagate and WD
• Mass production of 65 TB-class drives is targeted for 2030