TOKYO, Dec 27 Reuters Japan39;s Kyocera Corp plans to invest 1.3 trillion yen 9.77 billion for manufacturing facilities and development of semiconductorrelated products over three years starting in the 202324 business year, the Nikkei daily reported on Tuesday.

To fund the expansion for parts such as ceramics for chipmaking equipment, Kyocera is looking to borrow up to around 1 trillion yen, using its 15 stake in KDDI Corp as collateral, the president Hideo Tanimoto told Nikkei in an interview.

1 133.0900 yen

Reporting by Kantaro Komiya Editing by ChangRan Kim

Source Reuters

Leave A Comment