On May 28, foreign media sources reported that individuals with insider knowledge disclosed that the Japan Investment Corporation (JIC), a government-backed fund in Japan, is contemplating the sale of chip material manufacturer JSR. Two years prior, JIC had privatized JSR through a transaction valued at $6 billion. Under the supervision of Japan's Ministry of Economy, Trade and Industry, JIC was established in 2018 with the mission to bolster the competitiveness of Japanese enterprises. At present, both Fujifilm and Mitsubishi Chemical have shown interest in acquiring JSR. As significant investments in the artificial intelligence sector propel up the valuations of companies within the chip supply chain, JIC, which initially aimed to leverage JSR to foster consolidation in the materials industry, is now reconsidering its stance and considering selling the company to take advantage of the prevailing market conditions. Established in 1957, JSR stands as a prominent player in the photoresist sector, with its products being instrumental in transferring circuit patterns onto semiconductor wafers. In the fiscal year that concluded in March of this year, JSR reported a net profit of 60.7 billion yen and revenues amounting to 400.7 billion yen.