News > Japan-backed fund completes $6.5 bn takeover of chip linchpin JSR

Japan-backed fund completes $6.5 bn takeover of chip linchpin JSR

JSR is a leading player globally in photoresists, light-sensitive materials that are vital for making chips, used to etch minuscule patterns on silicon wafers. Its board agreed in June to the 900-billion-yen offer from Japan Investment Corporation (JIC), which expired today with 84.36% of shares. Japan and other countries are boosting domestic chip-making since crippling shortages in the Covid pandemic laid bare weaknesses in global supply chains.