Japan's SUMCO to raise $1.1b from new shares to fund silicon wafer output expansion

Japan's SUMCO to raise $1.1b from new shares to fund silicon wafer output expansion

Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s SUMCO Corp said on Thursday that it would sell 128 billion yen ($1.14 billion) of new shares to fund an increase in silicon wafer production amid growing demand from chip makers struggling to keep up with global demand.

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