Japan Investment Corporation Set to Buyout JSR Corporation for $6 Billion
The deal once completed will offer shareholders $39 per JSR share.
Japan Investment Corporation (JIC) has confirmed that it would buy out JSR Corporation, a popular chipmaking materials company for $6 billion.
The buyout is said to take place on March 19 at the earliest even though it was supposed to take place around December but was delayed due to the pending approval from China’s antitrust regulator. The deal once completed will offer shareholders $39 per JSR share.
Once the JSR corporation deal is finalized, Japan would gain more control over the world’s top supplier of photoresists used to make the most advanced semiconductors. This would further boost its chip manufacturing capacity helping it shore up its domestic chip manufacturing capacity especially given China’s current situation with the US.
