A major producer of materials used in semiconductor manufacturing plans to significantly bolster its global production capacity, including in the U.S.
Fujifilm to Double Spending
Fujifilm Holdings, according to a report from Nikkei, anticipates investing some $640 million over three years to expand facilities located near leading chipmakers — reportedly including customers Samsung and TSMC.
That would roughly double the amount that the company spent during the preceding three years.
Projects in the U.S. and Asia
Fujifilm, the report said, is the world’s fifth-largest supplier of the photosensitive materials needed to make circuits on semiconductors.
Although the report indicated that the U.S. would see some of the proposed funding, it only outlined specific projects in Japan, South Korea, and India.
Fujifilm says it operates a semiconductor materials facility in North Kingstown, Rhode Island.
Meeting Demand from AI
The projects, Nikkei reports, aim to meet the demand for semiconductors amid the rapid growth of generative AI technologies. Fujifilm has reportedly set a goal of doubling sales of its chip materials between the 2024 fiscal year and 2030.
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