Investment agenda: People walking past the TSMC headquarters in Hsinchu, Taiwan. The company has plans to expand to the United States and Resonac intends to follow suit. — Bloomberg
TOKYO: Resonac Holdings Corp is ready to spend hundreds of billions of yen on chip acquisitions, as the 84-year-old chemicals giant seeks to boost its role as a pivotal supplier to global giants like Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung Electronics Co.
The Japanese company, which last year outlined a 250 billion yen (RM8.2bil) blueprint to beef up its chip facilities by 2027, aims to capitalise on a much-needed consolidation of the US$580bil (RM2.5 trillion) semiconductor industry, chief executive officer Hidehito Takahashi told Bloomberg News.
