Loan for Acquisition of U.S. Company Inpria Corporation by JSR Corporation
Supporting Overseas M&A by Japanese Company in Semiconductor Sector

• Region: North America
• Manufacturing and Services
• Others
• Overseas Investment Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on February 13 a loan agreement amounting to JPY15 billion (JBIC portion) with JSR Corporation (JSR). The loan is co-financed with Sumitomo Mitsui Banking Corporation, bringing the total co-financing amount to JPY25 billion.
     
2. The loan is intended to finance part of the funds necessary for JSR to acquire U.S. company Inpria Corporation (Inpria).
     
3. Inpria is an innovator of metal oxide photoresist^*1 design, development, and manufacturing for extreme ultraviolet (EUV) lithography^*2. The semiconductor industry is moving to smaller critical dimensions in chip manufacturing, for which next-generation EUV lithography and high-quality photoresist technologies are essential, and Inpria’s metal oxide photoresists have achieved the world’s highest resolution. Through the acquisition of Inpria, JSR aims to become a photoresist manufacturer that is equipped with next-generation semiconductor technology scaling toward “beyond 2 nm.” The loan will support the overseas business expansion of JSR, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
     
4. As Japan’s policy-based financial institution, JBIC will continue to support overseas M&A activities of Japanese companies and their overseas business expansion in collaboration with private financial institutions.
     

Note

1. *1 
   Among high-quality photoresists for next-generation extreme ultraviolet (EUV) lithography, metal oxide photoresists have achieved the world's highest resolution.
2. *2 
   EUV technology uses EUV light, which has a wavelength of 13.5 nm and is essential in chip manufacturing.