OSAKA -- Japan's Daikin Industries will invest 100 billion yen ($896 million) to double its output of fluoropolymers, a material used in semiconductor production equipment, in anticipation of chip demand growing with the spread of 5G communication.
Daikin will spend the money over four years through March 2023, in the company's biggest capital expenditure for fluorochemicals. Spending hovered around 10 billion yen for each of the past few years, with a focus on updating existing equipment.
