Innovation Investment Corporation: Acquisition of semiconductor materials company JSR!
– 30% share of the global photoresist market –
– Protect Japanese technology from China and South Korea –
Summary report of the article published in Fuji Evening Paper
JSR, a major semiconductor material company:
JSR has announced that it has accepted the acquisition by the public-private fund, Industrial Innovation Investment Corporation.
Each country is proceeding with the enclosure of strategic materials and semiconductors.
“National support for the materials industry” became necessary.
To prevent Japan’s latest technology from being acquired by foreign companies.
Conducted a tender offer (TOB) for over 900 billion yen. JSR will be delisted.
Strategic material photoresist:
When manufacturing semiconductors, the circuit is printed on the substrate.
The chemical applied in advance is “photoresist”
This is a strategic material indispensable for semiconductor manufacturing.
Japan controls exports to South Korea in 2019:
In 2019, when the Japanese government strengthened its export controls to South Korea, photoresist became a target item.
JSR Micro Kyushu Co., Ltd.:
JSR has “technology that cannot be easily imitated in photoresist manufacturing” (rival company)
It holds about 30% share of the world market.
However, the business scale is small, with annual consolidated sales of about 400 billion yen.
Fujifilm and Shin-Etsu Chemical:
Sales, including other businesses, are close to 3 trillion yen each.
JSR has been delisted this time due to the acquisition.
In the future, we will be able to make bold investments without worrying about short-term profits.
Shareholder composition of JSR:
As of March, foreign ownership is 54%.
It is difficult to defend against a hostile takeover.
Japan is one of the few strongholds that foreign countries cannot follow.
The aim is to prevent the outflow of technology in the field of semiconductor materials.
https://news.yahoo.co.jp/articles/52ca5a8441d2e09b8a0664c34f10aaba6b5e4be9