Fujifilm boosts spending to $12bn, focusing on health care, chip material

TOKYO -- Fujifilm Holdings will invest 1.9 trillion yen ($12.3 billion) in health care, chipmaking materials and other areas where it seeks growth over the next three fiscal years, the company said Wednesday.

The funds will go toward capital expenditures and research and development spending through the financial year ending March 2027. The spending represents a nearly 30% increase from similar allocations made over the previous three fiscal years.