Mitsui Chemicals agrees $11.6bn acquisition of JSR

Japan's Mitsui Chemicals has agreed to acquire semiconductor materials company JSR for approximately $11.6bn, with backing from the Development Bank of Japan. The deal is designed to strengthen Japan's semiconductor supply chain. HPC could approach specialist materials suppliers, equipment manufacturers, logistics firms and technical service providers looking to work with the enlarged group. The transaction is subject to approvals and is targeted for completion in the second half of 2027. [Reuters]

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