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The investment is said to enable the continued expansion of manufacturing, quality, and R&D equipment at the company’s existing sites in Arizona, Rhode Island, Texas, and California.
FUJIFILM Electronic Materials (OTCPK:FUJIY) announced strategic investment of $350M in its U.S. business during its fiscal year period FY21 – FY23 (April 1, 2021 – March 31, 2024). This $350M represents ~35% of Fujifilm’s planned global investment of nearly $1B.
The investment will support the development and manufacture of Fujifilm’s broad range of semiconductor materials and chemicals, particularly Chemical Mechanical Polishing (or CMP) slurry and Photolithography-related high purity materials.
As a result, as part of this expanded investment in electronic materials, company has set its revenue target to ¥400B ($3.3B)* by fiscal year 2030 – compared to 146.7B yen ($1.2B)* as of fiscal year 2021.
Company plans to achieve this new target by evolving into a “one-stop-shop” for semiconductor materials.
https://seekingalpha.com/news/3856389-fujifilm-to-invest-350m-in-us-electronic-materials-business
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