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Kyocera to invest $9.8bn in semiconductor, electronics fields

Company to pledge KDDI shares for first time as collateral to raise funds

Kyocera is planning a big investment in semiconductors. (Source photo by AP)

KYOTO -- Kyocera will expand its investment in semiconductor-related production and other businesses, increasing total capital spending and research and development to 1.3 trillion yen ($9.78 billion) over the three fiscal years through March 2026, roughly doubling its previous three-year plan.

The Japanese electronics group will raise part of the funds by pledging its KDDI shares as collateral for the first time while borrowing up to 1 trillion yen.

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