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Technology

Toshiba and Fuji Electric to invest $2bn in EV power chips

Global focus on electrified vehicles spurs spending spree

Electric vehicles charge at stations in Paris. France plans to ban gasoline-powered vehicles by 2040. (Photo by Keiichiro Asahara)

TOKYO -- Toshiba and Fuji Electric will invest a combined 200 billion yen ($1.9 billion) to ramp up output of power-saving chips for electric vehicles to accommodate the sharp shift by governments around the world toward electrified cars and trucks, Nikkei has learned.

Toshiba will spend about 80 billion yen through the fiscal year ending March 2024 to add production equipment at its factory in Ishikawa Prefecture, Japan. The group's capacity for producing wafers will climb to 200,000 wafers a month from 150,000 wafers.

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