Investing.com– Japanese technology group Toshiba (TYO:6588) plans to double production capacity for hard disk drives (HDDs) used in artificial intelligence data centres by fiscal 2027, as the AI boom drives demand for high-capacity storage, Nikkei reported on Friday.
The company will invest about 60 billion yen ($380 million) to expand its HDD manufacturing facilities in the Philippines, marking its first major drive-related investment in roughly five years, the report said.
Toshiba, one of the world’s three largest HDD makers alongside U.S. firms Western Digital and Seagate, aims to increase its market share by storage capacity from just over 10% to 30% over the medium term, Nikkei reported.
The expansion will include new production lines for drives with up to 40% higher per-unit capacity and support Toshiba’s plans for mass production of 65-terabyte-class HDDs by 2030, eventually targeting 100-terabyte-class products, the report said.
HDD demand has strengthened as AI infrastructure expands, with cheaper storage costs compared with solid-state drives (SSDs) encouraging data centres to deploy more high-capacity drives.
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