Japan state fund weighs selling JSR to Mitsui Chemicals

Japan Investment Corp plans to sell chip materials maker JSR to Mitsui Chemicals in a deal that could exceed 1.3 trillion yen, or $8.2 billion, according to a Reuters report citing two people with knowledge of the matter.

Why it matters: JIC bought JSR for about 900 billion yen two years ago to lead consolidation in semiconductor materials, so a sale at a higher valuation would mark a change of course that cashes in on AI driven demand for chip businesses.

Data as of Reuters report published by Investing.com on November 3, 2026 at 7:58 p.m. Eastern and read in full in this run. Single sourced to Reuters, citing two unnamed people with knowledge of the matter; no definitive agreement has been announced and a final decision may be reached within the month. Evidence grade C. Developing item.

Japan Investment Corp, the state backed fund, plans to sell JSR to Mitsui Chemicals, Reuters reported, citing two people with knowledge of the matter. The transaction could exceed 1.3 trillion yen, or $8.2 billion, and a final decision may be reached within the month.

JIC bought the semiconductor materials maker for about 900 billion yen roughly two years ago, saying at the time that JSR would lead consolidation in the sector. The reported sale would instead hand JSR to a domestic chemical company at a higher valuation, as artificial intelligence investment lifts prices for chip related businesses.

Japan state fund weighs selling JSR to Mitsui Chemicals

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