On Friday in a statement Toshiba Corp said, it plans on investing $1.09 billion (125 billion yen) in order to more than double the production of power management semiconductors, in order to catch up with peers such as Infineon Technologies AG.

The Japanese industrial conglomerate aims to build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which will efficiently control electric power in electronic devices, cars, and industry equipment.

“Toshiba will invest around 100 billion yen in the new plant, on top of a 25 billon yen investment in a 300-millimeter fabrication line it is building at an existing chip plant,” said a spokesperson for Toshiba.

Toshiba’s new plant is slated to commence operations by March 2025. Following the completion of the first phase of the plant, Toshiba’s power chip output capacity is expected to rise by 2.5 times from current level.

Depending on demand, the new plant could further expand with additional investment, said Toshiba’s spokesperson.

($1 = 114.8700 yen)

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