Japan Investment Corp to buy JSR to bolster chip supply chain

According to The Asahi Shimbun, Japan Investment Corp., a government-backed fund, plans to acquire chip materials maker JSR Corp. for about 1 trillion yen (US$7 billion) in a move that carries major significance for domestic semiconductor strategy.
JSR, which holds a 30 percent share of the global market of photoresists, a chemical agent essential for manufacturing semiconductors, will be delisted from the Tokyo Stock Exchange as early as fiscal 2024 if everything goes as planned, a government source said.

https://www.asahi.com/ajw/articles/14941199