Fujifilm to boost magnetic tape output fivefold as AI drives data boom

Fujifilm will invest about 10 billion yen, roughly $63 million, to raise its magnetic tape production capacity fivefold from fiscal 2025 levels. The company says generative AI is driving exponential growth in data archiving needs. The expansion at its Odawara site in Kanagawa, its largest-ever investment in dedicated LTO tape facilities, will run from fiscal 2026 to 2028.