Japan's Kyocera to invest $9.8 bln for chips over FY2023-2025 -Nikkei

Kyocera

27/12/2022 09:19

TOKYO, Dec 27 (Reuters) - Japan's Kyocera Corp  6971.T 
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.
    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 Corp  9433.T  as
collateral, the president Hideo Tanimoto told Nikkei in an
interview.
($1 = 133.0900 yen)
 (Reporting by Kantaro Komiya
Editing by Chang-Ran Kim)
 ((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya))