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.
