Business · Companies · 11 hrs ago
Mitsui Chemicals to buy chip materials maker JSR for ¥1.84 trillion
Mitsui Chemicals plans to take over JSR, a major Japanese supplier of materials used to make semiconductor chips.
The Japanese chemical group will invest ¥1.84 trillion with the government-backed Development Bank of Japan.
JSR is currently owned by the government-backed investment fund JIC.
The deal is part of an effort to consolidate Japan’s fragmented semiconductor-materials industry and bring its companies together.
The purchase price for JSR shares is ¥1.3921 trillion, with the bank contributing ¥200 billion of that amount.
The companies aim to complete the takeover in the second half of fiscal 2027.
The deal would reshape Japan’s chip-materials sector, which supplies key inputs to semiconductor makers.
Mitsui Chemicals announced it will acquire semiconductor-materials maker JSR in a deal worth 1.84 trillion yen.
Mitsui will make the acquisition jointly with the Development Bank of Japan (DBJ).
The deal is part of efforts to consolidate Japan’s fragmented semiconductor-materials industry.
The share purchase consideration is 1.3921 trillion yen, including a 200 billion yen investment from DBJ.
The companies aim to complete the acquisition in the second half of fiscal 2027.
- Who
- Mitsui Chemicals and the Development Bank of Japan are acquiring JSR from the state-backed fund JIC.
- What
- The acquisition is valued at 1.84 trillion yen.
- When
- Mitsui Chemicals announced the deal on Nov. 10, according to Nikkei. Completion is targeted for the second half of fiscal 2027.
- Where
- Japan.
- Why
- The deal is intended to lead a consolidation of Japan’s semiconductor-materials industry.
This story does not have two clearly opposing sides.
Mitsui Chemicals announced the acquisition, according to Nikkei.
The companies aim to complete the acquisition.
- Deal value
- 1.84 trillion yen
- Share purchase consideration
- 1.3921 trillion yen
- DBJ investment
- 200 billion yen
- Seller
- JIC, the state-backed fund
- Target completion
- Second half of fiscal 2027