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Fujifilm to invest over $630m to boost chip material production

Company poised to tap growth from 5G networks and AI

Fujifilm sees chip materials as a driver for future growth, alongside its health care business.   © Reuters

TOKYO -- Fujifilm Holdings will invest 70 billion yen ($637 million) over the three years through March 2024 into its semiconductor materials business, tapping the surging global demand for chips driven by the rise of fifth-generation wireless and artificial intelligence.

The figure represents a roughly 40% increase from the previous three-year period. Fujifilm aims to expand its revenue from chipmaking materials by about 30% to 150 billion yen by the year ending March 2024, turning it into a key driver for growth alongside its health care business.

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