Mitsui Chemicals and DBJ to buy JSR for $11.6 billion, filing shows
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The Star Kuala LumpurMitsui Chemicals and DBJ to buy JSR for $11.6 billion, filing shows
TOKYO, Nov 9 : Mitsui Chemicals and the Development Bank of Japan (DBJ) will acquire chipmaking materials maker JSR from state-backed fund Japan Investment Corp (JIC) for 1.84 trillion yen ($11.61 billion), a filing showed on Monday.Mitsui Chemicals will sell shares worth up to 150 billion yen to help financ
Mitsui Chemicals agrees to buy chip materials maker JSR for 1.84 trillion yen
JSR supplies EUV photoresists to the chipmakers behind advanced AI processors. Mitsui is funding the purchase with a 1.64 trillion yen bridge loan and 200 billion yen from the Development Bank of Japan, and expects to close in the second half of fiscal 2027.
On September 9, Mitsui Chemicals announced that it will acquire JSR, a major semiconductor materials manufacturer, under the umbrella of the government-backed Japan Investment Corporation (JIC), making it a subsidiary. The acquisition will cost 1.84 trillion yen, making it the largest deal in the domestic chemical industry, and will be funded jointly with the Development Bank of Japan.
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