for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Japan's SUMCO to issue $1.1 bln in new shares to produce more silicon wafers

TOKYO, Sept 30 (Reuters) - Japan’s SUMCO Corp said on Thursday it would raise up to 128 billion yen ($1.14 billion) by issuing new shares to fund the expansion of domestic production facilities for silicon wafers, which have been in short supply globally.

The company is also considering boosting wafer production in Taiwan, SUMCO’s chief executive said in an online briefing. ($1 = 112 yen) (Reporting by Tim Kelly Editing by Chang-Ran Kim)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up