Fujifilm Spending Over $63 Million to Quintuple Magnetic Tape Production

A Fujifilm LTO Ultrium 10 data tape cartridge shown with its protective case open, revealing the internal magnetic tape reel.

Magnetic storage tape may seem like old hat in the age of massive, ultra-fast flash storage. However, magnetic storage tape is still a big deal in the archival data space, and archival data demands have only increased in recent years. What’s old is new again.

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