The incoming CEO of Japanese chip materials maker JSR plans to focus on restoring the company's business performance, shifting away from previous ambitions to drive consolidation in the sector.

JSR had sales of about $2.9 billion in its most recent fiscal year. All the firm’s directors have endorsed the purchase, CEO Eric Johnson said at a June 26 press conference.

TOKYO (Reuters) -State-backed JIC's private equity arm said its goal of driving consolidation in Japan's chipmaking sector through portfolio firm JSR is unaffected by weak financial performance at ...

Japanese semiconductor-equipment maker JSR Corp said on Saturday it is considering a deal for it to be bought by state-backed Japan Investment Corp (JIC), a move that would have major implications ...