### @IBIDEN — Confirmed — from the results Q&A; forward capex is management's plan, Gama funding not yet contracted
We plan roughly 500 billion yen of capital investment across FY2026-2028 — about 280 billion at the Ono Plant, where AI-server substrate mass production started October 2025, and about 220 billion at the Gama Plant, driven by a major CPU customer's requests for earlier ramp. This lifts SAP capacity to more than double by FY2027 and just under three times the H1-FY2024 level by end-FY2028, which management says is needed or "
- tier: Confirmed (✓)
- source: IBIDEN / Demand exceeds capacity - and customers fund the expansion
- receipt: https://ticker.thevixguy.com/p/p-day-20260727-ibiden-src-ibiden-capacity-buyer-funded-ingest
- posted: 2026-07-27T03:22:18.662Z