Mitsui Chemicals to Acquire Chip Material Maker JSR for $12 Billion

Mitsui Chemicals, with support from the state-backed Development Bank of Japan, is set to acquire JSR for ¥1.84 trillion ($12 billion). JSR is a leading manufacturer of photoresists, critical materials for advanced chip production. This acquisition is part of a government-backed initiative to consolidate Japan's semiconductor-materials industry and will impact the global semiconductor supply chain.