Recently, Reuters has reported that the Japanese based global firm Toshiba will invest about 125 billion yen ($1.09 billion) so that they can double down the production of power management semiconductors.
Since the semiconductor shortage, the need hasn’t been fully been satisfied and as now more than ever, appliances, cars and electronic items are in need of silicon, manufacturers like Toshiba is aiming to catch up with power chip giants Infineon Technologies AG.
As per this report, the global power semiconductor market was valued at USD 37.90 billion in 2020 which seems to reach up to USD 46.02 billion by 2026. The market has a CAGR of 3.17% so, Toshiba is eyeing to build a cutting-edge 300-millimetre fabrication plant in central Japan.
As Reuters states, this new chip plant will be operational by March 2025 and when the first phase of this plant is complete then Toshiba’s power chip output capacity would be 2.5 times its current level.