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Kyocera Announces $9.78 Billion Investment Plan for Next Three Years

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Update time : 2023-01-05 09:49:12
        Dec. 28 (Bloomberg) -- Japanese semiconductor components and materials major Kyocera intends to spend $9.78 billion over the next three years to further expand its related businesses, including semiconductors, mainly for capital expenditures such as plant construction, as well as research and development expenses, Nikkei Asia reported. The investment is about twice the amount Kyocera has invested in the same project over the past three years.
 
 
 
        As part of the $9.78 billion investment plan, Kyocera will build a new semiconductor packaging plant in Kagoshima Prefecture, Japan. The construction of the plant is expected to cost about 60 billion yen ($450 million).
        It is worth noting that in August this year, Kyocera had announced plans to invest 15 billion yen in the construction of a new plant in the Kagoshima Kokubu factory site, targeting a 20 percent increase in its MLCC production capacity.
        Kyocera will also establish a new manufacturing plant in Nagasaki, will focus on the manufacture of "ceramic components and semiconductor packages. Many semiconductor packages are made of ceramic materials. The facility will reportedly cost up to 100 billion yen (about $746 million) to build and is expected to be operational by 2026.
        In addition, Kyocera plans to expand some of its existing plants that produce multifunction printers and quartz components. It is a major producer of crystal oscillators, a circuit usually made of quartz that helps regulate the clock speed of processors.
        Kyocera reportedly plans to finance its planned investment by borrowing up to 1 trillion yen. The company is expected to use its 15 percent stake in Japan's second-largest telecommunications company KDDI Corp. as collateral for the debt financing. It will reportedly start borrowing by March 2023 and aims to raise up to 500 billion yen over the next three years.


 
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