Toshiba and Fuji Electric to Invest $2bn in EV Power Chips

TOKYO — Toshiba and Fuji Electric will invest a combined 200 billion yen ($1.9 billion) to ramp up output of power-saving chips for electric vehicles to accommodate the sharp shift by governments around the world toward electrified cars and trucks, Nikkei has learned.

Toshiba will spend about 80 billion yen through the fiscal year ending March 2024 to add production equipment at its factory in Ishikawa Prefecture, Japan. The group’s capacity for producing wafers will climb to 200,000 wafers a month from 150,000 wafers.

The extra wafers will be delivered to Japanese automakers and to automakers in China and elsewhere. Toshiba is strong in low-voltage products that process 300 volts or less of electricity efficiently. Read more…..


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