Two people familiar with the matter revealed that the fund “Industrial Innovation Investment Agency” supported by the Japanese government plans to sell semiconductor materials manufacturer JSR to Mitsui Chemicals, and the transaction amount may exceed 1.3 trillion yen. According to one of the people familiar with the matter, a decision may be made within this month as soon as possible. Since the relevant information has not been made public, both people familiar with the matter declined to be named. Two years ago, JIC acquired JSR for about 900 billion yen and said it plans to use the company to promote the integration of the semiconductor materials industry. As the boom in artificial intelligence investment boosts the valuation of chip-related companies, the fund will instead sell JSR to a domestic chemical giant. Established in 1957, JSR is the world's leading manufacturer of photoresists. Photoresists are used to transfer circuit patterns to semiconductor wafers. Mitsui Chemicals, which is also expanding its chip materials business, currently has a market value of about 800 billion yen. This deal is probably one of the largest in the Japanese chemical industry, and its scale exceeds Showa Denko's acquisition of Hitachi Chemical in 2020.

Two people familiar with the matter revealed that the fund “Industrial Innovation Investment Agency” supported by the Japanese government plans to sell semiconductor materials manufacturer JSR to Mitsui Chemicals, and the transaction amount may exceed 1.3 trillion yen. According to one of the people familiar with the matter, a decision may be made within this month as soon as possible. Since the relevant information has not been made public, both people familiar with the matter declined to be named. Two years ago, JIC acquired JSR for about 900 billion yen and said it plans to use the company to promote the integration of the semiconductor materials industry. As the boom in artificial intelligence investment boosts the valuation of chip-related companies, the fund will instead sell JSR to a domestic chemical giant. Established in 1957, JSR is the world's leading manufacturer of photoresists. Photoresists are used to transfer circuit patterns to semiconductor wafers. Mitsui Chemicals, which is also expanding its chip materials business, currently has a market value of about 800 billion yen. This deal is probably one of the largest in the Japanese chemical industry, and its scale exceeds Showa Denko's acquisition of Hitachi Chemical in 2020.