Kyocera Corporation, a Japanese multinational ceramics and electronics manufacturer, will double its previous three-year investment in semiconductor-related manufacturing and other industries in a number of countries, including Vietnam.
The company expects to raise overall capital spending and R&D funding to around $9.78 billion during the three fiscal years through March 2026, according to Nikkei Asia.
Hideo Tanimoto, president of Kyocera, noted that the company would undertake significant investments in sectors such as ceramic components while maintaining a debt-free management approach since it expects the chip industry to increase in the medium term.
The Japanese electronics company will borrow up to 1 trillion Japanese Yen by putting up its shares as security.
Kyocera is also increasing its footprint in Vietnam, where it manufactures multipurpose machines and quartz components. The corporation will borrow money from banks partly by using its KDDI shares as security.
Samsung, the world's leading supplier of dynamic random access memory products, also plans to spend $850 million in Vietnam to manufacture flip-chip ball grid arrays.
Experts believe the fresh investment will make Vietnam one of four countries, together with South Korea, China, and the United States, to produce semiconductors for the world’s largest memory chipmaker.
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By Celine Luu