Japan chip materials maker Resonac looking to make deals (updated)

Resonac Holdings

19/02/2025 03:31

(Adds executive comment, paragraph 7)
    By Sam Nussey and Ritsuko Shimizu
       TOKYO, Feb 19 (Reuters) - Japan's Resonac Holdings
 4004.T  is looking to make deals after reducing its borrowing
and wants to be involved when a state-backed fund exits from
peer JSR, the CEO of the chips materials maker said on
Wednesday. 
    "We will go on the offensive from this year," Hidehito
Takahashi told Reuters in an interview. 
    Resonac was formed by Showa Denko's acquisition of the
larger Hitachi Chemical and has been selling assets with a
partial spin-off of its petrochemical business planned. 
    Photoresist maker JSR has said it wants to drive
consolidation in the industry and was taken private by a
state-backed fund last year.
    "It's a fund so there will be an exit in the end," said
Takahashi, adding he wants to be involved in that exit.
    Resonac is setting up a research and development centre for
advanced semiconductor packaging and materials in Silicon Valley
to deepen collaboration with firms there. 
    The company is not currently considering manufacturing
materials in the United States, Takahashi said.

 (Reporting by Sam Nussey and Ritsuko Shimizu; Editing by
Chang-Ran Kim and Christopher Cushing)
 ((sam.nussey@tr.com;))