CEO Who Drove $7 Billion Deal Is Eyeing Japan Chip Linchpin JSR
- Resonac wants to play active role in JSR’s future, CEO says
- Japan’s chemicals sector seen due for more consolidation
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Resonac Holdings Corp.’s chief executive officer is gearing up for another round of consolidation in Japan’s fragmented chip materials sector, saying the chemicals maker may raise its hand to buy a stake in linchpin JSR Corp.
Japan Investment Corp.’s $6 billion buyout of JSR, the world’s largest photoresist maker, will catalyze much-needed change in the country’s supply chain when the state-owned fund seeks an exit, Hidehito Takahashi said. Resonac — the chemicals conglomerate created in a merger of Showa Denko KK and Hitachi Chemical Co. — is considering ways to play an active role in JSR’s future, he said.