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

Fujifilm plans to increase its magnetic tape production capacity fivefold compared with fiscal 2025 levels, citing exponential data growth driven by generative AI. The investment at its Kanagawa Factory's Odawara site, running from fiscal 2026 to 2028, is its largest ever in dedicated LTO tape facilities. Low cost and offline security keep tape popular with cloud giants for backups.