Japan State Fund JIC Considers Sale of Chip Firm JSR
Japan Investment Corp is considering selling chip materials maker JSR. Fujifilm and Mitsubishi Chemical have expressed interest as AI demand lifts valuations.
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Japan Investment Corp (JIC) is considering a sale of chipmaking materials maker JSR just two years after taking the firm private in a $6 billion deal. The state-backed fund aims to capitalize on high valuations for semiconductor supply chain firms fueled by artificial intelligence demand. A successful exit would mark a shift for JIC, which originally intended to use JSR as a vehicle for industry consolidation.
