Merck KGaA to Invest More Than $3.5 Billion in Electronics Business
20 September 2021 - 5:44PM
Dow Jones News
By Joshua Kirby
Merck KGaA said Monday that it will invest in its electronics
business over the coming years, as it looks to capitalize on global
growth in demand for semiconductor and display materials.
The German company plans to invest more than 3 billion euros
($3.52 billion) in its electronics division by the end of 2025.
Money will go into research and development, as well as into
capital expenditure on long-term fixed assets, Merck KGaA said.
The company aims for compound annual growth of between 3% and 6%
to 2025 in the business, which makes memory chips and
processors.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
September 20, 2021 03:29 ET (07:29 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Merck KGAA (TG:MRK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Merck KGAA (TG:MRK)
Historical Stock Chart
From Apr 2023 to Apr 2024
