Business · Companies · 17 hrs ago

Fujifilm plans to expand LTO tape production fivefold

Fujifilm plans to expand LTO tape production fivefold

Fujifilm plans to expand LTO tape production fivefold at a plant in Odawara, Japan.

The company says it will invest ¥10 billion in the expansion, although accounts differ on the timeline.

Growing AI and cloud services are creating more data that companies need to store.

LTO tape is used for long-term archives because it can hold large amounts of data at relatively low cost.

The tapes can also be stored offline, which can help protect archived data from cyberattacks, though retrieving it is slower than using some other storage.

Fujifilm plans to make more tenth-generation LTO tape, with native capacities of 30TB or 40TB per cartridge.

The expansion is intended to meet rising demand for storing growing volumes of data.

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FujifilmCompany statement
The rapid spread of generative AI and cloud services is driving exponential growth in the volume of data generated worldwide.
via The Register
As a result, establishing environments in which the enormous amounts of data accumulated through AI training and inference as well as the digitalization of business activities can be stored and utilized securely and efficiently is becoming increasingly important in supporting the digital society.
via The Register