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JX Advanced Metals Corporation ( (JP:5016) ) just unveiled an announcement.
JX Advanced Metals Corporation announced a capital investment of approximately 1.5 billion yen to increase the production of indium phosphide (InP) substrates by 20% at its Isohara Plant. This decision is driven by the growing demand for InP substrates, particularly due to the rise of generative AI and hyperscale data centers, which require high-speed data processing. The investment aligns with the company’s long-term vision to expand its focus on advanced materials and strengthen its position as a world-leading supplier.
The most recent analyst rating on (JP:5016) stock is a Buy with a Yen1200.00 price target. To see the full list of analyst forecasts on JX Advanced Metals Corporation stock, see the JP:5016 Stock Forecast page.
More about JX Advanced Metals Corporation
JX Advanced Metals Corporation operates in the advanced materials industry, focusing on semiconductor and information and communication materials. The company is a leading global supplier of indium phosphide (InP) substrates, which are critical for optical communications and have applications in various high-tech fields.
Average Trading Volume: 6,999,846
Technical Sentiment Signal: Buy
For detailed information about 5016 stock, go to TipRanks’ Stock Analysis page.