Japan's Toppan eyes AI with $400m in chip, electronics investment

Company plans to double production capacity for chip package substrates

20231124N Toppan

Toppan will consider overseas investments for its chip materials business, its CEO says. (Photo by Nikkei)

KYOKO HARIYA and SHIHO MIYAJIMA, Nikkei staff writers

TOKYO -- Japanese printing and materials group Toppan Holdings plans to invest about 60 billion yen ($400 million) over three years in its electronics segment as it seeks to profit from AI-driven growth in the semiconductor industry.

The figure represents an increase of 10 billion yen from the prior three-year period, and makes up 30% of Toppan's planed growth investments for fiscal 2023-25, President and CEO Hideharu Maro told Nikkei.

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