Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with power chip giants such as Infineon Technologies AG.
The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which efficiently control electric power in cars, electronic devices 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, a Toshiba spokesperson said.
