Toshiba's fiscal year history of semiconductor business investment innovation

Toshiba Co of Japan said recently, in view of mobile phone, portable music players and digital cameras become more and more popular, the company plans for the fiscal year in the semiconductor business investment funds more than any previous year.

Toshiba said it would invest an additional 63 billion yen ($531 million) in the semiconductor sector to meet the market's high demand for NAND flash chips, Agence France-Presse reported.

Toshiba originally planned for the fiscal year ended March in the semiconductor business invested 225 billion yen, an additional investment will increase the figure to $289 billion.

Toshiba said in a statement, the adjusted figure represents the largest annual investment in our national fiscal year to the semiconductor business."

Toshiba said that in the mobile phone, USB storage, MP3 music players, digital cameras and memory card demand growing, NAND flash market is currently experiencing rapid development.