Japan Chip Linchpin Soars on $7 Billion Government Buyout Talk
- Chip materials becoming more important for policy: SMBC Nikko
- Shin-Etsu Chemical, Tokyo Ohka Kogyo, Toyo Gosei also jumped
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JSR Corp., the largest maker of a compound essential to all chipmaking, surged by its daily limit after a report the government-backed Japan Investment Corp. may buy out the company for roughly ¥1 trillion ($7 billion).
JIC is considering making an offer to the company as early as this year, the Nikkei newspaper reported over the weekend. JSR will discuss the matter in a board meeting on Monday and make an announcement once a decision is made, it said in a statement.