
Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022.
13:34 JST, June 25, 2023
TOKYO (Jiji Press) — Government-backed investment fund Japan Investment Corp. is considering acquiring Japanese semiconductor material maker JSR Corp. for around ¥1 trillion, it was learned Saturday.
The government is bolstering efforts to strengthen semiconductor supply chains, crucial for economic security. It expects that the acquisition will help boost the country’s competitiveness in the field of semiconductor materials further, sources said.
Listed on the Tokyo Stock Exchange’s top-tier Prime section, JSR boasts one of the largest global market shares for photoresists used in semiconductor circuit formation.
Following screenings by Japanese and foreign competition regulators, JIC plans to launch a tender offer for JSR as early as within this year. If the acquisition goes smoothly, JSR will be delisted.
JSR was established in 1957 as Japan Synthetic Rubber Co. as part of government-led efforts to realize domestic production of synthetic rubber.
After being completely privatized in 1969, the company expanded into the field of electronics materials, including those related to semiconductors and displays, and the medical sector.
Meanwhile, the company sold its synthetic rubber business to oil refining company Eneos Corp. in 2022.
After the buyout, JIC aims to have JSR concentrate investments in the semiconductor materials business and implement a business shakeup.
The industry ministry aims to increase total sales at semiconductor-related companies in Japan to over ¥15 trillion in 2030, triple the level of 2020.
So far, the ministry has budgeted ¥2 trillion to aid related efforts, including helping Taiwan Semiconductor Manufacturing Co. build a new plant in the southwestern prefecture of Kumamoto and Tokyo-based chipmaker Rapidus Corp. produce next-generation semiconductors in Japan.
"Business" POPULAR ARTICLE
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Income May Dampen Personal Consumption
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under Simplified Screen System in U.S. Tariff Negotiations
-
Japan Must Boost Its ‘Indispensability,’ Urges JETRO Chair; Convince United States That Cooperation Will Be Beneficial
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group
JN ACCESS RANKING
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Income May Dampen Personal Consumption
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under Simplified Screen System in U.S. Tariff Negotiations
-
Japan Must Boost Its ‘Indispensability,’ Urges JETRO Chair; Convince United States That Cooperation Will Be Beneficial
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group