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Toshiba intends to invest 5 billion dollars in the production of flash memory
Toshiba, a large Japanese electronics company, plans to invest several billion dollars in order to increase its production capacity for improved memory chips, according to Japanese media.
New elements of flash memory will store the amount of data, more than 60 times the memory capacity of the chips currently used, without increasing the size.
Toshiba, in conjunction with one US company, plans to invest about five billion dollars in its manufacturing facility located in the city of Ekkaichi in central Japan. At the same time, Toshiba aims to start mass production of advanced memory chips in 2016 year.
Toshiba currently occupies the second largest share of the global flash memory market. This line of business is the largest source of company profits. This situation is due to the growing demand for memory chips for smartphones and tablet computers.