According to Nikkei Asia, Murata's President Norio Nakajima said that the company will make a strategic investment of 230 billion yen (approximately $2.02 billion) in the next three years to improve its competitiveness in the field of smartphones and the Internet of Things.

The report pointed out that the strategic investment will include mergers and acquisitions and capital cooperation. In recent years, Murata has been expanding into other components for smart phones, such as devices that transmit and receive radio signals. In this area, Murata faces direct competition from Qualcomm and Broadcom.

Murata pointed out that in the 5G era, there will be more connections between the Internet and life, including cars and factory machines, and the demand for such devices and front-end modules will triple between 2020 and 2025.

According to the plan, Murata aims to increase sales by 16% to 2 trillion yen in the next three years, while maintaining an operating profit margin of 20% or higher.