Asia Tech Wire (July 9) -- Eight major Japanese chipmakers, including Sony, Mitsubishi Electric, Rohm, Kioxia, Renesas, Rapidus and Fuji Electric, plan to invest about 5 trillion yen ($31 billion) from fiscal 2021 to 2029 to boost production of power devices and image sensors, according to Nikkei.

Capital investment in the communications equipment industry, including semiconductor manufacturing, has grown by 30% in five years to reach 2.1 trillion yen by fiscal 2022, the report said, citing a survey by Japan's Ministry of Finance.

Sony will invest about 1.6 trillion yen from FY2021 to FY2026 with plans to increase production of image sensors.