TechBloomberg Tech37m ago
Japan’s Mitsui Chemicals, DBJ to Buy JSR for $12 Billion
TL;DRMitsui Chemicals and Japan's development bank are buying chipmaker materials supplier JSR for $12 billion.
Why it matters: Consolidates Japan's semiconductor supply chain amid global chip competition and supply security concerns.
Japanese chemical maker Mitsui Chemicals Inc. and the Development Bank of Japan plan to buy chip materials firm JSR Corp. for ¥1.84 trillion ($12 billion), according to a filing on Monday.
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