Japan-backed fund JIC to buy chip materials maker JSR for $6.4b

Japan-backed fund JIC to buy chip materials maker JSR for $6.4b

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration

Japan stepped up efforts to bolster its chip industry on Monday, with a government-backed fund agreeing to buy semiconductor materials maker JSR Corp for about 909.3 billion yen ($6.4 billion).