Japan Investment Corp to Sell Chip Materials Firm JSR
Japan Investment Corp reportedly plans to sell JSR, its semiconductor materials subsidiary, to Mitsui Chemicals. The deal is said to be worth more than 1.3 trillion yen and could be finalised within this month. JSR makes photoresists, light-sensitive materials used in chip manufacturing, and JIC bought it two years ago.
Context
Context: Chipmakers rely on specialised chemicals like photoresists, so changes in who owns these suppliers matter to the wider electronics industry. Investment funds often buy and sell such businesses, and Mitsui Chemicals is a large Japanese chemicals group.
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