Toshiba to boost hard-drive production by 35 pct - Nikkei

Thu Aug 9, 2012 2:09am IST

A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/Files

A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012.

Credit: Reuters/Yuriko Nakao/Files

Related Topics

Stocks

   

REUTERS - Toshiba Corp (6502.T) is planning to increase production of its hard-disk drives by 35 percent by the end of fiscal 2014 to tap into growing demand from data centers and PC makers, the Nikkei reported.

Toshiba will invest between 15 billion yen and 18 billion yen over the next three years for the expansion at three plants in Philippines and China, the business daily said.

Greater use of cloud computing and media downloads by consumers has led to higher demand for data storage devices, the Japanese daily said.

The company's monthly hard-drive output capacity, which now stands at 11 million units, is expected to rise to 12 million by the end of fiscal 2012 and 15 million by the end of fiscal 2014, the daily said.

Toshiba expects combined sales of its hard drives and solid-state drives to touch 850 billion yen in fiscal 2015 from about 400 billion yen in fiscal 2011, the Nikkei reported.

(Reporting By Pallavi Ail in Bangalore; Editing by Sreejiraj Eluvangal)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

SURVEILLANCE

TECH SHOWCASE

Anti-trust Probe

Anti-trust Probe

Microsoft targeted in apparent Chinese anti-trust probe  Full Article 

Banking on PlayStation

Banking on PlayStation

With PlayStation network, Sony goes back to the future in search of revival  Full Article 

Wearable Gadgets

Wearable Gadgets

Swatch plans fitness-based touch wristwatch, CEO tells paper.  Full Article 

Xbox Marketing

Xbox Marketing

JD.com to sell Microsoft's Xbox One games console in China.  Full Article 

Testing Times

Testing Times

Analysis - Amazon's far-reaching ambitions, lack of profits, unnerve investors.  Full Article 

IPO Probe Over

IPO Probe Over

Facebook says SEC's IPO probe ends, extending WhatsApp closing date  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage