Fujifilm to Increase Magnetic Tape Production Fivefold Amid AI Demand

• Fujifilm plans to increase magnetic tape production capacity by five times.
• The company will invest 10 billion yen ($63 million) in its Odawara plant.
• The investment aims to meet the growing demand for storage driven by AI data centers.
• This is Fujifilm's largest investment in tape production in 20 years.
• The increased production will target advanced magnetic storage tapes, including 100TB tapes.