Photoresist giant JSR said it was considering JIC's 1 trillion yen acquisition request.

CTOnews.com June 25, according to the Nikkei News, Japanese semiconductor equipment manufacturer JSR said yesterday that it is considering a takeover offer from the state-backed Japan Industrial Innovation Investment Agency (JIC), which will have a significant impact on both JSR and Japan's semiconductor strategy.

▲ Tuyuan JSR website reported that JIC is in talks to buy JSR for about 1 trillion yen (CTOnews.com Note: currently about 50.2 billion yuan), while JSR said no decision has been made, but the board will discuss the matter on Monday. JIC plans to make a tender offer after reaching an agreement with domestic and foreign antitrust authorities as early as this year. If the acquisition is successful, JSR will delist from the Tokyo Stock Exchange as soon as 2024.

JSR was founded in 1957 as a synthetic rubber manufacturer supported by the Japanese government. The company now supplies photoresist to global chipmakers with a global market share of 30% to 40%, with customers including Samsung, TSMC, Intel and so on.

Reported that in order to acquire JSR,JIC intends to set up a new company with a registered capital of 500 billion yen (currently about 25.1 billion yuan), while Mizuho Bank of Mizuho Financial Group will provide 400 billion yen (currently about 20.08 billion yuan) financing. Mizuho declined to comment. In addition, JIC plans to raise 100 billion yen (currently about 5.02 billion yuan) through preferred shares and subprime loans underwritten by a number of banks.

Japan's Ministry of economy, Trade and Industry said in April that it aimed to triple sales of Japanese-made semiconductors to 15 trillion yen (currently about 753 billion yuan) by 2030.