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Top related persons:
JIC - 2 Makiko Yamazaki - 2 Jamie Freed - 2 Toru Hanai - 1 INCJ - 1 Renesas - 1 Anton Bridge - 1 Christopher Cushing - 1
Top related locs:
Japan TOKYO Tokyo chipmaking Kyushu Denso KS Yokohama
Top related orgs:
Thomson - 3 Japan Investment Corp - 2 Innovation Network Corp of Japan - 2 REUTERS - 1 Rights - 1 Renesas Electronics - 1 JIC Capital - 1 Japan - 1

Search resuls for: "INCJ"


4 mentions found


☆ Japan fund INCJ sells $1.8 bln of Renesas shares
  + stars: | 2023-11-10 | by ( ) www.reuters.com   time to read: +1 min
Renesas Electronics Corp's logo is pictured at the company's conference in Tokyo, Japan, April 11, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsTOKYO, Nov 10 (Reuters) - Japanese state-backed fund INCJ said it has sold all but a token portion of its stake in semiconductor manufacturer Renesas Electronics (6723.T), offloading 279 billion yen ($1.84 billion) worth of shares. INCJ had previously held 6.65% of Renesas' shares, it said in a statement on Thursday. The sale price of 2,143 yen ($14.17) per share represented a discount of 8.01% on Renesas' closing share price of 2,329.5 yen on Thursday, the fund said in a separate statement on Friday. Renesas' shares had dropped 4.5% to 2,224 yen by mid-morning on Friday.
Persons: Toru Hanai, INCJ, Renesas, Anton Bridge, Christopher Cushing, Muralikumar Organizations: REUTERS, Rights, Renesas Electronics, Thomson Locations: Tokyo, Japan
☆ Japan's JIC sees M&A options in chipmaking niches after $6.4 bln JSR buyout
  + stars: | 2023-06-27 | by ( Makiko Yamazaki Ritsuko Shimizu | Makiko Yamazaki | Ritsuko Shimizu | ) www.reuters.com   time to read: +2 min
TOKYO, June 27 (Reuters) - State-backed Japan Investment Corp (JIC) sees potential for more mergers and acquisitions in high-end corners of the chipmaking industry following its planned $6.4 billion buyout of materials maker JSR (4185.T), the head of its private equity arm said. "We see potential in some speciality materials markets where JSR can win dominant positions by combining with other materials makers," Ikeuchi said in an interview. "We believe that we can boost Japanese chip materials makers' global competitiveness by spurring industry consolidation," he added. In the chemicals industry, for example, Japan has "too many players making similar products that were once competitive but are now commoditised," Ikeuchi said. JIC, overseen by the powerful trade ministry, was set up in 2018 to invest in Japanese companies to boost the nation's competitiveness.
Persons: Shogo, Ikeuchi, JIC, Makiko Yamazaki, Ritsuko Shimizu, Jamie Freed Organizations: Japan Investment Corp, JIC Capital, Japan, Innovation Network Corp of Japan, Thomson Locations: TOKYO, chipmaking, Japan
☆ Factbox: Japan ramps up efforts to strengthen its chip industry
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +4 min
Below are investments in Japan announced by chipmakers and measures the government is taking to revive its semiconductor industry. Sony Group (6758.T) and auto parts maker Denso (6902.T), which will use the chips TSMC makes, are also investors. It said it would be the first chipmaker to bring EUV technology to Japan for production. It has offered TSMC a 476 billion yen subsidy, or about half the expected cost of the factory. Rapidus secured an initial 70 billion yen of funding from the government, and local media reported in April that the government was finalising a plan to provide an additional 300 billion yen.
Persons: TW, Rapidus, JIC, Makiko Yamazaki, Sam Nussey, Tim Kelly, Miho Uranaka, Miyoung Kim, Jamie Freed Organizations: Semiconductor, chipmakers, Taiwan Semiconductor Manufacturing, Sony Group, Micron Technology, Samsung Electronics, Reuters, Business Machines, IBM, Samsung, Nikon, Tokyo, Japan Investment Corp, Innovation Network Corp of Japan, Toshiba, Japan Industrial Partners, Thomson Locations: TOKYO, Japan, Kyushu, Denso, KS, Yokohama, Japan's, Chitose, Hokkaido, Rapidus, U.S, China, State
☆ Exclusive: Malaysia's Edotco, backers plan stake sales in hot telco towers market -sources
  + stars: | 2023-03-10 | by ( Anshuman Daga Yantoultra Ngui | Anshuman Daga | Yantoultra Ngui | ) www.reuters.com   time to read: +3 min
The move comes as global infrastructure funds are pouring huge sums of money to acquire capital-intensive telecom infrastructure assets in Southeast Asia, seeing strong growth opportunities. The sources said discussions are taking place for a minority stake to be sold in the decade-old Edotco, which is 63% owned by Axiata. However, three of the sources said there was a possibility that Axiata could even consider giving majority control in order to secure a deal. The sources said the bulk of the proceeds from the share sales will likely fund Edotco's business expansion. While broader dealmaking activity has fallen sharply over the past year due to weak equity markets and rising interest rates, telecom tower assets have been a bright spot.
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