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Top related persons:
Shogo - 1 Ikeuchi - 1 JIC - 1 Makiko Yamazaki - 1 Ritsuko Shimizu - 1 Jamie Freed - 1
Top related locs:
TOKYO chipmaking Japan
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Japan Investment Corp - 1 JIC Capital - 1 Japan - 1 Innovation Network Corp of Japan - 1 Thomson - 1

Search resuls for: "JIC Capital"


2 mentions found


☆ 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
☆ Japan's Hitachi Astemo flags lapses in quality tests over decades
  + stars: | 2023-05-19 | by ( ) www.reuters.com   time to read: +3 min
The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged safety tests for 88,000 small cars. Hitachi Astemo, which makes car and railway parts ranging from brake and damping systems to powertrains, worked with customers to redo tests on nearly 24 affected products following an investigation, Chief Executive Brice Koch told reporters. "We have now taken all the relevant measures to improve, to increase the robustness of our system and our company," Koch said, saying he did not expect any impact on growth or costs. The issues included reporting periodic test results to customers without running the actual tests on some products. Employees also ran tests on suspension systems at incorrect temperatures, a spokesperson said.
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