Tokyo, 9 November 2026 – Mitsui Chemicals, Inc. has agreed to acquire semiconductor-materials producer JSR Corporation for JPY1.84 trillion in cash, with the Development Bank of Japan Inc. providing JPY200 billion in equity. The bank confirmed on 9 November that an agreement had been signed with investment funds managed by JIC Capital, Ltd. The transaction remains an acquisition agreement, rather than a completed transfer of ownership.
For Asian chipmakers and investors, the proposed combination brings attention to the materials that support semiconductor production, not just the processors attracting investment headlines. DBJ says the transaction is intended to strengthen competitiveness and supply-chain resilience. Those are strategic objectives, however, and should not be confused with guaranteed improvements in customer supply, profitability or investment returns.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here