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.
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(END) Dow Jones Newswires