Semiconductors
Japan chip materials maker JSR seeks to scale up after $6bn takeover
Effort to reshape industry draws both support and pushback
JSR is the world's leading manufacturer of photoresist, a key material used in chipmaking. (Photo by Yumi Kotani)
TAKAKO FUJIU and RIHO NAGAO, Nikkei staff writers | Japan
TOKYO -- Following a multibillion-dollar takeover by the state-backed Japan Investment Corp., semiconductor materials producer JSR aims to play a leading role in consolidating the industry to keep up with rapid advances in chipmaking.
The JIC launched the tender offer on March 19 and completed it Tuesday, offering 4,350 yen ($28.13) per share, according to a Wednesday news release from JSR.
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