Home / Business and Economy / Japan Chips: Mitsui & DBJ Buy JSR for $11.6B
Japan Chips: Mitsui & DBJ Buy JSR for $11.6B
9 Nov
Summary
- Mitsui Chemicals and DBJ acquire chipmaker JSR for 1.84 trillion yen.
- The deal is one of the largest in the sector, boosting Japan's competitiveness.
- Mitsui Chemicals plans to raise up to 150 billion yen via share sales.
Mitsui Chemicals and the Development Bank of Japan (DBJ) have announced plans to acquire JSR, a prominent chipmaking materials manufacturer. The transaction, valued at 1.84 trillion yen ($11.61 billion), was made through the state-backed fund Japan Investment Corp (JIC).
This acquisition stands as one of the largest in the semiconductor materials sector and is poised to significantly reshape Japan's chip supply chain. The move aligns with the government's broader strategy to bolster the nation's competitiveness in the global technology landscape.
To finance this substantial deal, Mitsui Chemicals intends to raise capital by selling shares valued at up to 150 billion yen. Additionally, DBJ will be investing 200 billion yen, underscoring the strategic importance of JSR.
Following the announcement, Mitsui Chemicals' shares experienced a notable decline, trading down around 13% on Monday. This follows a prior dip of over 10% after initial reports identified Mitsui Chemicals as the likely final buyer for JSR.
