JSR's State-Backed Buyout Concerns Investors; Japan's Semiconductor Boom

JSR, a Japanese semiconductor materials manufacturer, faced concerns from investors and clients after receiving a buyout proposal from the state-backed JIC. The deal resulted in a 7% stock drop. The semiconductor industry in Japan is experiencing momentum, with the opening of a new plant by TSMC, backed by the Japanese government, expected to generate an economic impact of around 7 trillion yen over the next decade. However, concerns about long-term sustainability and workforce development persist.