TOKYO : Shares in Japan's JSR Corp were untraded with a glut of buy orders early on Monday, after the semiconductor materials maker said it was considering a deal to be acquired by state-backed Japan Investment Corp .
Countries around the world are moving to tighten control over the supply of semiconductors, which are essential to the functioning of the defence, electronic and automotive industries, amid elevated tensions between China and the United States. "JIC is starting here. It would surprise me quite a bit if that is where they stopped," Travis Lundy of Quiddity Advisors wrote in a note on Smartkarma.
JSR is a top supplier of photoresists, which are light-sensitive chemicals used to print patterns on wafers, to global chipmakers. It competes with companies including Tokyo Ohka Kogya and Shin-Etsu Chemical.
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