To capitalize on the demand for generative AI, Toppan Holdings (formerly Toppan Printing) reportedly plans to invest approximately JPY60 billion (US$403 million) to expand the production capacity of semiconductor-related products, of which FC-BGA substrate production capacity will be doubled.
According to a recent Nikkei story, Toppan president Hideharu Maro stated that roughly JPY60 billion will be invested in the three years to 2025 (2023-2025) to enhance production capacity for its electronic products, such as FC-BGA substrates. Among the objectives is to quadruple production capacity for FC-BGA substrates in 2025 from 2022.
According to the report, Toppan now manufactures FC-BGA substrates at its Niigata factory in Japan. The report also quoted Maro as saying that the company may invest overseas in partnership with clients.
On October 1, Toppan changed its name from Toppan Printing to Toppan Holdings, transitioning to a holding company form.
Toppan released financial report information on November 13 and stated that due to increased FC-BGA substrate demand and solid photomask demand, revenue in the "electronic products business" increased by 4.1% year on year to JPY133.87 billion in the first half of this year (April-September 2023), with operating profits increasing by 7.4% to JPY24.422 billion.
Toppan has raised its sales target for its "electronic products business" for this fiscal year (April 2023 to March 2024) from JPY245 billion to JPY250.5 billion.
Article translated by Jessie Shen
