Why is Japan Investment Corp (JIC) considering selling JSR just two years after taking it private?

JIC is considering selling JSR to capitalize on buoyant market conditions driven by massive investments in AI, which have lifted valuations of chip supply chain firms; originally, JIC aimed to use JSR to drive industry consolidation in the materials sector, but now seeks to monetize the heightened valuations.

Which companies have expressed interest in acquiring JSR, and what is their relevance to JSR's business?

Fujifilm and Mitsubishi Chemical have expressed interest in acquiring JSR; Fujifilm also manufactures photoresists—the core product JSR makes for transferring circuit patterns onto semiconductor wafers—while Mitsubishi Chemical produces chemicals used in photoresists, making both strategically relevant to JSR’s materials-focused operations.

Japan State-Backed Fund Considering Sale of Chipmaking Materials Maker JSR, Sources Say

May 27, 2026

Japan Investment Corp is considering selling JSR, a leading photoresist maker, with Fujifilm and Mitsubishi Chemical expressing interest. The potential acquisition aligns with surging valuations in the AI-driven semiconductor materials sector.

reuters

2026-05-27

Japan State-Backed Fund Considering Sale of Chipmaking Materials Maker JSR, Sources Say

Japan State-Backed Fund Considering Sale of Chipmaking Materials Maker JSR, Sources Say

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