TOKYO – In a move that highlights the global focus on critical chip technology, a fund backed by the Japanese government has unveiled a proposed $6.3 billion acquisition of JSR, a prominent semiconductor material giant.

The Japanese Investment Corporation (JIC) submitted an offer of 4,350 Japanese yen ($30.3) per share to acquire JSR, representing a significant 35% premium over the company’s closing price on Friday.

Following the announcement, JSR shares experienced a surge of more than 20% on Monday, fueled by the anticipation of a potential deal. JIC plans to potentially initiate a tender offer in December, according to statements made by the company.

JSR holds a crucial position in the semiconductor supply chain, particularly in the field of photoresists, an area where Japan stands as a global leader. Photoresists are light-sensitive materials that play a vital role in the process of etching patterns onto wafers, forming the foundation of chip circuit designs.

The proposed acquisition by JIC underscores the strategic importance governments worldwide are placing on chip technology. With the increasing demand for semiconductors across various industries, securing reliable and efficient supply chains has become a priority for nations seeking to maintain their competitiveness in the global market.

By acquiring JSR, the Japanese government aims to strengthen its position in the semiconductor industry and bolster the country’s capabilities in critical chip technology. The deal would provide an opportunity for Japan to enhance its expertise in photoresist manufacturing, a key component of chip production.

The potential acquisition of JSR by the Japanese Investment Corporation represents a significant development in the semiconductor landscape. If the deal materializes, it would not only solidify Japan’s standing in the industry but also contribute to the country’s technological advancements and strategic goals in the critical field of chip manufacturing.

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