Jp¥online 繁中简中EN2026/09/09

Fuji Film Aims for Semiconductor Materials Growth

Source: 東洋経済オンライン· Published: 2026/09/09 06:00 JST· Section: INDUSTRY & SUPPLY CHAIN
# Fuji Film# semiconductor materials# sales target
Key Points
  • Fuji Film targets semiconductor materials as key growth area
  • Company plans to double sales by 2030
  • India market and back-end process technology are key strategies
Analysis

Taiwan is a semiconductor heartland, but attention usually fixes on foundries. Fujifilm's push into semiconductor materials offers Taiwanese readers a window into how Japanese materials makers plan to capture the AI-chip windfall.

Fujifilm Holdings' goal is clear: make semiconductor materials a core growth pillar and double that revenue by fiscal 2030. What stands out is the route, not bulking up through M&A, but expanding into the Indian market and repurposing the chemistry and coating know-how built up in its film era. Its trump card is bet on back-end processes.

The underlying logic is old technology finding a new battlefield. Fujifilm began in photographic film; that chemical expertise looked obsolete in the digital age, yet it has found a fresh role in chip materials.

Several things matter next. First, as AI chips grow more complex, back-end packaging and testing rise in value, expanding demand for the related materials, the basis for its back-end bet. Second, using India as both market and manufacturing base is a diversification move. Third, the biggest variable is the no-M&A stance: if organic growth lags, the doubling target gets discounted.

For Taiwanese readers, a reminder: looking at the chip supply chain's upstream, don't fixate on foundries. Back-end materials are an underrated link in the AI wave, and Japanese materials makers are both suppliers to and mirrors of Taiwan's players. Watch the actual back-end orders, India's progress, and yearly delivery on the doubling plan.

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