New plant will be commissioned in 2013
Toshiba has revealed plans to set up a new NAND chip plant in Japan by early this summer.
The Japanese multinational electronics giant expects that the new flash memory plant will help meet the as demand as use of mobile devices continues to expand, Reuters cited the Nikkan Kogyo newspaper.
The plant forms the second phase of a fifth NAND facility whose construction timeline was not finalised due to unfavorable market conditions, the paper said.
NAND chip plant will start operating in 2013, though the size of the investment and annual capacity have not been disclosed.
Toshiba revealed last year that it is cutting production at some of its semiconductor facilities from late November 2011 to early January 2012 due to the economic slowdown and fall in demand for consumer products, most notably for PCs and TVs in Europe and the US.
The company said it will close three of its six chip-making facilities in Japan in the first half of the fiscal year starting this month.
