Japanese tech giant Toshiba will invest about ¥100 billion ($873 million) in building a semiconductor manufacturing facility in Japan, with the production process expected to start by March 2025, Nikkei reported on Thursday.
The news came after Toshiba decided to suspend further operations in its R&D and manufacturing site due to earthquake damage. The company is also driven by the globally registered power chip shortage, which has so far contributed to an increase in demand for Toshibas semiconductor products.
