JIC to sell JSR to Mitsui Chemicals for over 1.3 trillion yen

State-backed fund Japan Investment Corp plans to sell chipmaking materials maker JSR to Mitsui Chemicals in a deal that could exceed 1.3 trillion yen ($8.20 billion), according to sources familiar with the matter. The transaction takes advantage of rising valuations for chip-related firms amid an AI investment boom. A final decision could be reached within the month. Open article →