Shin-Etsu Chemical of Japan Plans $545 Million Investment in Chip Materials Plant

1 year ago 20

Japan

Shin-Etsu Chemical

, a prominent

semiconductor materials manufacturer

, announced plans on Tuesday to invest approximately 83 billion yen ($545 million) in a new

factory

located in

Gunma prefecture

. This initiative aims to bolster Japan's

chip supply chain

.
The factory will specialize in producing

lithography materials

crucial for

chip production

The first phase of

investment

is slated for completion by 2026, with Shin-Etsu aiming to meet rising customer demand and broaden its production footprint.
With existing facilities in Niigata prefecture, Fukui prefecture, and

Taiwan

, Shin-Etsu will utilize internal funds for this new venture. Japan is witnessing a surge in semiconductor sector investments, vital for defense, automotive, and electronics industries. The government is actively supporting capacity expansion efforts by both domestic and foreign chipmakers.

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