Key facts
- Fujifilm plans to quintuple production capacity for magnetic tape.
- The investment marks the company's largest buildup of the data storage medium in approximately 20 years.
- Magnetic tape is used for data backup by data center operators, financial institutions, and research organizations.
TOKYO -- Fujifilm will quintuple production capacity for magnetic tape to meet artificial-intelligence-driven demand, marking the company's largest investment to make the data storage medium in roughly 20 years, Nikkei has learned. Magnetic tape is widely used by data center operators, financial institutions and research organizations for data backup.