Latest news for Kyocera (OTC:KYOCF) Stock

Kyocera is a Japanese conglomerate whose original business consisted of manufacturing fine ceramic components; the firm has since expanded into manufacturing handsets, printers, solar cells, and industrial tools. As a result of reorganization, the firm now consists of three major business segments, which are the core components business (28% of 2023 revenue), electronic components business (17% of revenue), and solutions business (55% of revenue).

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Kyocera Doubles Semiconductor Outlay To $9.8B: Report

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<ul>
	<li>Kyocera Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/KYOCF#OTC">KYOCF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KYOCY#OTC">KYOCY</a>) looked to expand its investment in semiconductors, increasing total capital investment and research and development expenditure to 1.3 trillion yen ($9.78 billion) over the three fiscal years through March 2026.</li>
	<li>Kyocera doubled the amount spent during the previous three years to March 2023, Nikkei Asia&nbsp;<a class="editor-rtfLink" href="https://asia.nikkei.com/Business/Tech/Semiconductors/Kyocera-to-invest-9.8bn-in-semiconductors" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reports</a>&nbsp;citing President Hideo Tanimoto.</li>
	<li>Kyocera will also fundraise by pledging its KDDI shares as collateral for the first time while borrowing up to 1 trillion yen.</li>
	<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30201510/chipmakers-struggle-with-inventory-buildup-on-pandemic-demand-correction" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Chipmakers Struggle With Inventory Buildup On Pandemic Demand Correction</a></li>
	<li>Kyocera eyed aggressive investments in areas including ceramic components betting on near-term chip market expansion.</li>
	<li>Kyocera eyed up to 900 billion yen in capex, double the amount over the past three years, and plans to spend 400 billion yen on R&amp;D, up by 60%.</li>
	<li>In Kagoshima prefecture in southern Japan, Kyocera invested 60 billion yen to construct a new&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/12/b30126358/kyocera-plans-new-manufacturing-plant-in-japans-nagasaki-prefecture-by-2026" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">semiconductor package production facility</a>.</li>
	<li>In Nagasaki, Kyocera constructed its first new domestic plant in about 20 years since the start of operations at its Ayabe factory in Kyoto.&nbsp;</li>
	<li>Tanimoto said Kyocera earmarked up to 100 billion yen to produce ceramic components and semiconductor packaging, with the new plant set to begin operating in 2026.</li>
	<li>The area bears proximity&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30104547/sony-eyed-6b-investment-in-japans-smartphone-sensor-factory" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">with other chip plants like</a>&nbsp;Sony Group Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), an expressway interchange, and other transportation infrastructure.</li>
	<li>In Vietnam, Kyocera expanded factories producing multifunctional machines and quartz components.</li>
	<li>The report added that Kyocera would borrow from banks partly by using its&nbsp;KDDI Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/KDDIY#OTC">KDDIY</a>) (OYC: KDDIF) shareholdings as collateral.</li>
	<li>Kyocera holds 15% of KDDI&#39;s issued shares with a market value of 1.35 trillion yen.</li>
	<li>Depending on semiconductor market conditions, Kyocera may carry out up to 1 trillion yen in future collateralized borrowing.</li>
	<li>Price Action:&nbsp;SONY shares traded lower by 0.22% at $76.77 in the premarket on the last check Tuesday.</li>
	<li>Photo Via Company</li>
</ul>

Kyocera Corporation (&ldquo;Kyocera&rdquo;) announced today that it has made a proposal to a special committee of the board of directors of AVX Corporation (&ldquo;AVX&rdquo;) to acquire all outstanding shares of common stock of AVX not owned by Kyocera for&nbsp;$19.50&nbsp;per share in cash. The proposal represents a&nbsp;29.7%&nbsp;premium over the closing price as of November 26, 2019 and&nbsp;27.4%,&nbsp;27.6%&nbsp;and&nbsp;27.0%&nbsp;premium over a 1-, 3- and 6- month average closing share price, respectively.

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Kyocera currently owns approximately&nbsp;72%&nbsp;of AVX&rsquo;s outstanding shares of common stock. If the transaction is completed, AVX would become a wholly owned subsidiary of Kyocera.

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Additional information regarding Kyocera&rsquo;s proposal is included in a letter that Kyocera delivered to a special committee formed by the board of directors of AVX to evaluate a possible transaction with Kyocera, which is attached to this press release. The proposal will be reviewed by the special committee.

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No assurance can be given whether such proposal will lead to a transaction or as to any of the terms or conditions of such transaction. Kyocera does not intend to disclose any developments unless or until it otherwise deems further disclosure is appropriate or required.

Kyocera Announces Proposal To Acquire Shares It Does Not Own Of AVX For $19.50/Share

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