JIC completed the acquisition of JSR for $6.35bn.

Japan Investment Corp, a sovereign wealth fund located in Tokyo, completed the acquisition of JSR, a semiconductor materials maker, for $6.35bn. The move by JIC, overseen by the powerful trade ministry, is the latest in a series of increasingly muscular government steps to regain Japan's lead in advanced chip production and maintain its edge as a maker of materials and tools used in their manufacture.