July 15 (Reuters) – Japan’s Mitsubishi Electric (6503.T) said on Thursday that it would invest 10 billion yen ($113 million) to boost output of its power semiconductors.
Demand for power semiconductors, which are used in a wide variety of products including hybrid vehicles and air conditioners to help reduce energy consumption, is expanding briskly.
Japan’s Yaskawa Electric (6506.T), which procures power semiconductors for its inverters and servo motors from Mitsubishi Electric, has said production cannot keep pace with orders due to a supply shortage of key devices including power semiconductors.
Mitsubishi Electric will more than double output of its 8 inch silicon wafers as well as beefing up assembly lines for power semiconductors by next April.
The firm has said it plans to double its power semiconductor sales to 150 billion yen by the year ending March 2016 from the last year’s 74 billion yen. (Reporting by Nobuhiro Kubo; Editing by Charlotte Cooper)