JX Metals Plans to Expand Investment as Chip Demand Surges

JX Advanced Metals Corp. is planning to invest more in materials for chips and information technology as demand for semiconductors surges.

The company is planning to spend about ¥100 billion ($623 million) per year on all of its business segments, President Yoichi Hayashi said, adding that the focus will be on chip-related businesses. It has averaged ¥90 billion annually over the last three years.