TOKYO :Semiconductor materials maker JSR Corp's board will meet on Monday to discuss a potential multi-billion dollar buyout by a government-backed fund that would mark an acceleration of Japan's efforts to strengthen its chip industry.JSR's market capitalisation was 677 billion yen ($4.73 billion) at Friday'
TOKYO :Semiconductor materials maker JSR Corp's board will meet on Monday to discuss a potential multi-billion dollar buyout by a government-backed fund that would mark an acceleration of Japan's efforts to strengthen its chip industry.
JSR is a top supplier of photoresists, which are light-sensitive chemicals used to print patterns on wafers. JIC would spend about 1 trillion yen on the JSR acquisition, the Nikkei newspaper reported, injecting 500 billion yen into a new company to make the purchase and borrowing 400 billion yen from Mizuho Bank.The company needs to invest heavily in research and development and to expand capacity as demand grows, said the official, who declined to be named because they are not permitted to speak with media.
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