FUJIY - FUJIFILM to invest $350M in US electronic materials business

• FUJIFILM Electronic Materials ( OTCPK:FUJIY ) announced strategic investment of $350M in its U.S. business during its fiscal year period FY21 – FY23 (April 1, 2021 – March 31, 2024).
• This $350M represents ~35% of Fujifilm’s planned global investment of nearly $1B.
• The investment will support the development and manufacture of Fujifilm’s broad range of semiconductor materials and chemicals, particularly Chemical Mechanical Polishing (or CMP) slurry and Photolithography-related high purity materials.
• As a result, as part of this expanded investment in electronic materials, company has set its revenue target to ¥400B ($3.3B)* by fiscal year 2030 – compared to 146.7B yen ($1.2B)* as of fiscal year 2021.
• Company plans to achieve this new target by evolving into a “one-stop-shop” for semiconductor materials.

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