JSR Corporation (Representative Director, CEO: Eric Johnson) announced today that an investment agreement was signed with Lingang Special Area Government to establish a subsidiary in the area in Shanghai. This is to enhance JSR Group’s business activities relates to semiconductor materials in Chinese market. It is tentatively scheduled to begin operations in December after the completion of the company registration and other matters in August 2022.
The Chinese semiconductor market is expected to continue to grow. With an eye on future business development in this market, JSR transfers the marketing functions that have been conducted by JSR (Shanghai) Co., Ltd. to a new subsidiary. The new subsidiary will also have the potential to expand its functionalities and capabilities. As a central base for our business activities, it will strengthen our ability to respond to customers and expand our customer and product portfolio.