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Japan Investment Corp: The JSR deal is the latest of a series of increasingly muscular government steps to try to regain Japan's lead in advanced semiconductor production and maintain its edge as a maker of materials and tools used in their manufacture.
TOKYO, June 27 (Reuters) - State-backed Japan Investment Corp (JIC) sees potential for more mergers and acquisitions in high-end corners of the chipmaking industry following its planned $6.4 billion buyout of materials maker ...
State-backed Japan Investment Corp (JIC) sees potential for more mergers and acquisitions in high-end corners of the chipmaking industry following its planned $6.4 billion buyout of materials maker JSR, the head of its private equity arm said. The comments from JIC Capital CEO Shogo Ikeuchi signal a potential shakeup of an industry critical to everything from smartphones to artificial intelligence that is a lynchpin of economic security in the world's third-largest economy. "We see potential in some speciality materials markets where JSR can win dominant positions by combining with...
State-backed JIC sees potential for more M&As in high-end corners of the chipmaking industry following its planned $6.4 billion buyout of JSR.
The move by Japan Investment Corp (JIC), overseen by the powerful trade ministry, is the latest in a series of increasingly muscular government steps to try to regain Japan's lead in advanced chip production and maintain its edge as a maker of materials and tools used in their manufacture. JIC plans to launch a tender offer in late December offering 4,350 yen per share, a 35% premium to Friday's closing price, to take JSR private.