Fujifilm to Spend ¥10B to Boost Magnetic Tape Capacity Fivefold by FY2028 for AI Data Archives

Fujifilm is investing JPY10B (~$63M) to lift magnetic tape production capacity fivefold by fiscal 2028, its biggest tape expansion in roughly 20 years. The buildup follows a 57% YoY jump in Q1 2026 LTO shipments as hyperscalers and media firms snap up tape for cheap, durable archival storage of AI training datasets.