Japan Investment Corp in $7 billion deal talks with chipmaker JSR, Nikkei reports

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State-backed Japan Investment Corp is in talks to buy the country's top chipmaker, JSR Corp , for about 1 trillion yen ($6.96 billion), the Nikkei reported on Saturday.

June 24 - State-backed Japan Investment Corp is in talks to buy the country's top chipmaker, JSR CorpThe fund aims to make a tender offer as early as this year after clearing the buyout with domestic and foreign antitrust authorities, the report said.

The company, which was set up in 1957 as a government-backed synthetic rubber maker, now supplies photoresists to global chipmakers. They are used to transfer circuit patterns on to semiconductor wafers.

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