Fujifilm to boost magnetic tape capacity 5x as AI data storage demand grows

Fujifilm will invest JPY10 billion (US$63.3 million) to increase its magnetic tape production capacity fivefold by fiscal 2028. The move responds to rising demand for long-term data storage as AI drives global data generation.

• Investment totals JPY10 billion (US$63.3 million)
• Tape production capacity to grow 5x by fiscal 2028
• Driven by demand for long-term AI data storage