Toshiba plans to invest one trillion yen in the production of NAND flash memory within 3 years

Announced the world's second largest producer of Toshiba Co NAND flash before, in view of the global market for NAND flash memory requirements for explosive growth, Toshiba will invest in the next 3 years one trillion yen to expand the new flash production.

Toshiba announced that the next 3 years, the company's capital expenditures will reach $2 trillion and 40 billion. Toshiba CEO Nishida Atsushi said, because the NAND flash market demand for rapid growth, in order to seize the high profit market, Toshiba decided to half 2 trillion and 40 billion yen for development and production of the new flash.

The well-known market research firm iSuppli predicts that the NAND flash are widely used in mobile phone, digital camera, MP3 player, notebook computer, by 2009 the global NAND flash market size will be 140% higher than in 2005, up to $26 billion 100 million.

In addition, Toshiba also announced that in the last fiscal year ended in March 31st, Toshiba's net profit of 78 billion 200 million yen, an increase of more than the previous fiscal year, sales growth of 8.7%, up to 6 trillion and 340 billion yen.