Semiconductor materials giant JSR announced that it has accepted a 1 trillion yen acquisition offer from JIC, a Japanese government and civilian fund.

CTOnews.com June 26 news, Japanese semiconductor materials giant JSR announced today that the company management has accepted the Japanese government fund industry innovation investment agency (JIC) 1 trillion yen (CTOnews.com Note: currently about 50.2 billion yuan) acquisition offer.

▲ Source: JSR

JIC said it would make a public acquisition of JSR shares by the end of this year, and JSR would delist from the Eastern Securities Division 1 next summer. JIC hopes to fully acquire the management rights of JSR and improve Japan's competitiveness in the field of semiconductor materials.

JSR is one of only four global suppliers of EUV photoresists, essential raw materials for advanced chip manufacturing. It is reported that JSR ranks first in the world with 30% market share in ArF photoresist for 130 nm - 7 nm process.

JIC will invest 500 billion yen (currently about 25.1 billion yuan), borrow about 400 billion yen (currently about 20.08 billion yuan) from Mizuho Bank, and Mitsubishi UFJ and other institutions will also provide loans of 100 billion yen (currently about 5.02 billion yuan), Japan Economic News quoted people familiar with the matter as saying. This means that JSR has become a state-owned enterprise again after many years of privatization.