Shogo Ikeuchi

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Mitsui Chemicals to buy JSR from state fund in Japan's largest chemicals deal

Sold JSR two years after the state fund bought it

Japan's state-backed fund bought JSR in 2024 and said it would use the photoresist maker to drive consolidation in semiconductor materials. On Nov. 9 it sold JSR to Mitsui Chemicals for ¥1.84 trillion ($11.61 billion), the largest acquisition in the history of Japan's chemicals industry.

Updated 3 hours ago

Notable Quotes

Simply having these materials does not mean they can immediately generate significant synergies.

from Mitsui Chemicals to buy JSR from state fund in Japan's largest chemicals deal · Updated 3 hours ago

We placed the greatest importance on whether the buyer could become a semiconductor materials platform that supports Japan five or 10 years from now.

from Mitsui Chemicals to buy JSR from state fund in Japan's largest chemicals deal · Updated 3 hours ago