12.10.21
EMD Electronics, the North American Electronics business of Merck KGaA, Darmstadt, Germany, announced approximately $1 billion in investments through 2025 in the US to accelerate growth opportunities in the electronics market.
EMD Electronics will heavily invest in R&D and capacity. Over the next five years, the global Electronics business of Merck KGaA plans to spend approximately $2.5 billion glob-ally in long-term fixed assets (CapEx) in semiconductor and display solutions.
“The chip shortage needs industry-wide cooperation to resolve the supply chain issues consumers are currently facing. We are investing in the US to expand our production capacity and innovation footprint to support our customers' ambitious growth plans,” said Kai Beckmann, member of the Executive Board of Merck KGaA and CEO Electronics.
In the US, EMD Electronics plans to invest primarily in its Arizona, California, Texas and Pennsylvania sites. As part of the “Level Up” growth program, which includes a global in-vestment of significantly more than $3.5 billion, the company seeks to capture the growth opportunities that come along with the significantly accelerating global demand for innovative semiconductor and display materials.
This demand is driven by exponential data growth and highly impactful technology trends such as Artificial Intelligence (AI), the Internet of Things and 5G.
EMD Electronics will heavily invest in R&D and capacity. Over the next five years, the global Electronics business of Merck KGaA plans to spend approximately $2.5 billion glob-ally in long-term fixed assets (CapEx) in semiconductor and display solutions.
“The chip shortage needs industry-wide cooperation to resolve the supply chain issues consumers are currently facing. We are investing in the US to expand our production capacity and innovation footprint to support our customers' ambitious growth plans,” said Kai Beckmann, member of the Executive Board of Merck KGaA and CEO Electronics.
In the US, EMD Electronics plans to invest primarily in its Arizona, California, Texas and Pennsylvania sites. As part of the “Level Up” growth program, which includes a global in-vestment of significantly more than $3.5 billion, the company seeks to capture the growth opportunities that come along with the significantly accelerating global demand for innovative semiconductor and display materials.
This demand is driven by exponential data growth and highly impactful technology trends such as Artificial Intelligence (AI), the Internet of Things and 5G.