Japan’s Kyocera Corp plans to invest 1.3 trillion yen or $9.77 billion for manufacturing facilities and development of semiconductor-related products over three years starting in the 2023-24 business year, the Nikkei daily reported.
Kyocera is looking to borrow up to 1 trillion yen, using its 15 percent stake in KDDI Corp as collateral to fund the expansion for parts such as ceramics for chip-making equipment, Kyocera president Hideo Tanimoto said.
Kyocera earlier said it is planning capital expenditures of 200 billion yen in fiscal March 2023 as against 151.77 billion yen for fiscal ended March 31, 2022.
Kyocera to invest $9.7 bn in semiconductor business
More like thisRelated
Qualcomm achieves growth of 13% in Handsets, 61% in Automotive, 36% in IoT
Qualcomm has posted a significant 17 percent rise in...
Global foundry industry revenue soars on AI, smartphone demand
The global foundry industry recorded a 27% year-on-year (YoY)...
Intel appoints interim Co-CEOs as Pat Gelsinger resigned
Intel has announced the appointment of David Zinsner and...
Qualcomm revenue jumps 19% as shifts focus to AI devices
Qualcomm said its revenue rose 19 percent in fourth-quarter...