Japan's Kyocera Corp plans to invest 1.3 trillion yen ($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 on Tuesday.
A logo of Kyocera Corp. is seen at Wireless Japan 2012, a smartphone and mobilephone technology exhibition, in Tokyo May 31, 2012. REUTERS/Issei Katoplans to invest 1.3 trillion yen for manufacturing facilities and development of semiconductor-related products over three years starting in the 2023/24 business year, the Nikkei daily reported on Tuesday.
To fund the expansion for parts such as ceramics for chip-making equipment, Kyocera is looking to borrow up to around 1 trillion yen, using its 15% stake in KDDI CorpReporting by Kantaro Komiya Editing by Chang-Ran Kim
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