If the US or Europe dare criticize this deal, it would be rank hypocrisy
The government of Japan's investment vehicle will acquire JSR Corporation, a key provider of chipmaking products and expertise.
JIC is a joint venture between Japan's government and 25 local industry giants, formed to address the nation's dearth of risk capital. Its mission is to"generate a virtuous cycle of risk capital to support next-generation industries in Japan." The announcement adds that the acquisition is intended to"enable JSR to smoothly and rapidly promote its bold, medium-to-long-term strategic investments without being bound by the short-term impact on business performance."
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