Article · AI translation
IT Home reported on October 28 that Nikkei Asia said today, local time, that FUJIFILM plans to invest 10 billion yen (IT Home note: approximately 423 million yuan at current exchange rates) by 2028 to expand capacity at its magnetic tape factory in Odawara, Japan. This will be the company's largest investment in this field in nearly 20 years.
Magnetic tape remains a good archival storage medium, particularly suited to long-term offline data storage, and can also reduce the risk of data leaks in the event of a cyberattack.
The report noted that the storage cost per unit of magnetic tape could be as little as 1/4 that of hard disk drives, giving it an inherent cost advantage for storing vast amounts of “cold” data.
Related reading:
“FUJIFILM begins selling LTO-10 magnetic tape: 40TB native capacity per cartridge, priced at $494”
“LTO tape shipments fell 9% for the full year 2025, then surged 57% year on year in 2026Q1”
Reference
https://asia.nikkei.com/business/technology/artificial-intelligence/as-ai-revives-magnetic-tape-fujifilm-plans-biggest-buildup-in-two-decades
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