TXN - Toshiba Fuji Electric investing $1.9B to ramp up EV power chip production

Toshiba ([[TOSBF]],[[TOSYY]]) and Fuji Electric ([[FELTF]],[[FELTY]]) will invest a combined 200B yen or about $1.9B to ramp production in EV power chips.Toshiba will commit 80B yen through the fiscal year ending in March 2024 to add production capacity at a factory in Ishikawa Prefecture, Japan, which will increase its wafer capacity from 150K wafers/month to 200K wafers/month.The extra wafers will head to automakers in Japan, China, and elsewhere.Fuji will invest 120B yen through FY23 to increase capacity. The fab in Japan's Yamanashi Prefecture will increase its capacity by 30% Y/Y this fiscal year.The global power semiconductor market totaled 1.46T yen last year, according to research firm Omdia. Japan's leading trio of Toshiba, Fuji, and Mitsubishi Electric held 20% of that market.Source: Nikkei Asian Review.Texas Instruments ([[TXN]] +0.5%) and ON Semiconductor ([[ON]] +0.4%) are the top U.S. listed companies in the power semiconductor space.

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Toshiba, Fuji Electric investing $1.9B to ramp up EV power chip production