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
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