19 March: Japan Investment Corp (JIC) plans a $6bn tender offer for JSR Corp shares, approved by Chinese regulators, aiming to consolidate the chipmaking sector.
A Japanese state-backed investment vehicle, Japan Investment Corp (JIC), plans to launch a $6bn tender offer for chip materials maker JSR Corp's shares on 19 March, following approval from Chinese regulators. The deal, initially slated for the end of last year, was delayed due to a Chinese antitrust review. JIC aims to acquire JSR, a major producer of photoresists used in chipmaking, to drive consolidation within the sector.
March 14, 2024
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