Japan Shuns The Market With Chip Firm Nationalization menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 ($30.40) a share in a tender offer around December 2023, the company said in a June 26 statement.
(Bloomberg) Japan’s government unveiled a $6.3 billion deal to buy out and privatize JSR Corp., taking direct control of the world leader in chipmaking compounds at a time US-Chinese tensions threaten to fragment the $550 billion global semiconductor industry.Most Read from BloombergPutin Blasts Wagner ‘Traitors’ as Prigozhin Defends RevoltStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’The 10 Worst US Airports for Flight Disruptions This SummerRussia Latest: Putin Says Mutiny