Fujifilm to Increase Magnetic Tape Production Capacity by 5x Due to AI-Driven Archiving Demand

Fujifilm announced an investment of approximately 10 billion yen ($63 million) to quintuple its production capacity for magnetic tape, driven by rising archiving needs linked to generative AI. The investment will focus on the Kanagawa Factory and aims to enhance production of the latest-generation FUJIFILM LTO Ultrium10 tape. The project is set to run from fiscal years 2026 through 2028.