Physicl raises $10 million for robot-training simulations
Inovia Capital led the seed round. The startup is releasing Studio, a tool with 10,000 3D environments and 100,000 assets for generating synthetic training data.
Mitsui Chemicals and DBJ to acquire JSR for $11.61 billion
Mitsui Chemicals plans a share sale of up to ¥150 billion and a ¥1.64 trillion bridge loan to help fund the acquisition.
Mitsui Chemicals and the Development Bank of Japan (DBJ) will pay ¥1.84 trillion ($11.61 billion) to acquire chipmaking materials producer JSR, according to a filing on November 9. The seller is Japan Investment Corp (JIC), a state-backed fund.
The filing sets out financing that includes a ¥1.64 trillion bridge loan for Mitsui Chemicals. The company will also raise up to ¥150 billion by selling shares, with those proceeds used to repay part of the loan. DBJ's investment will total ¥200 billion.
Mitsui Chemicals shares traded at about ¥1,500 on November 9, down around 13%. That followed an earlier fall of more than 10% after a media report identified the company as JSR's final buyer.
The acquisition comes amid government efforts to strengthen Japan's chip-sector competitiveness. Its value exceeds twice the $4.55 billion that Showa Denki paid for Hitachi Chemical in 2020.