Japan's JIC eyes $8.2bn JSR exit to Mitsui Chemicals
Japan’s state-backed investment fund Japan Investment Corporation (JIC) is preparing to sell semiconductor materials manufacturer JSR to Mitsui Chemicals in a transaction potentially exceeding JPY1.3trn, according to a report by Reuters, citing people familiar with the matter. The proposed sale could be agreed as early as November, marking a significant exit for JIC, which acquired JSR for…
Japan's state-backed investment fund, Japan Investment Corporation (JIC), is reportedly in talks to sell semiconductor materials manufacturer JSR to Mitsui Chemicals, a transaction that could exceed JPY1.3 trillion, according to a Reuters report. The proposed sale may be finalized as early as November, marking a significant exit for JIC, which acquired JSR for around JPY900 billion in 2024 as part of its strategy to consolidate Japan's semiconductor materials industry.
JSR, a leading producer of photoresists essential for semiconductor manufacturing, has seen its valuation soar due to the burgeoning demand for advanced chips fueled by investments in artificial intelligence infrastructure.
Mitsui Chemicals, with a market capitalization of approximately JPY800 billion, has reportedly confirmed its interest in the potential acquisition but has not reached a final decision. The news sent its shares tumbling by 13%, heightening concerns over the financing needed for the deal. This proposed transaction would be among Japan's largest in the chemicals sector, underscoring the growing consolidation within the semiconductor supply chain as manufacturers strive for greater scale to meet the escalating global demand for semiconductor products.
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- Japan’s JIC eyes $8.2bn JSR exit to Mitsui Chemicals privateequitywire.co.uk
