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Murata plans $2bn 'strategic investments' to tackle 5G rivals

iPhone supplier plans new Thai factory to diversify production away from China

Murata Manufacturing, the world's largest supplier of capacitors, is planning to make strategic investments of up to $2 billion over the next three years. (Photo by Atsuhi Ooka) 

TOKYO -- Japan's Murata Manufacturing, a key iPhone parts maker, said on Monday that it will make "strategic investments" worth 230 billion yen ($2.02 billion) over the next three years as part of efforts to climb the value chain in the smartphone and internet-of-things markets.

The strategic investments will include M&As and capital partnership, Murata President Norio Nakajima said. The amount set aside will also be used for other long-term goals such as in-house digital transformation and decarbonization efforts.

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