Resonac Holdings plans to pursue new deals following a debt reduction, including engaging in the anticipated exit of a state-backed fund from peer JSR, according to CEO Hidehito Takahashi.

Resonac, formed after Showa Denko acquired Hitachi Chemical, has been divesting assets, such as a partial spin-off of its petrochemical business.

Takahashi expressed interest in the fund’s eventual exit, said, “It’s a fund so there will be an exit in the end.”

Japan-based company is also investing in a research and development center in Silicon Valley to enhance collaborations in advanced semiconductor packaging and materials.

While there are no immediate plans to produce materials in the US, future production could depend on subsidies, tariffs, and customer demand.

JSR, known for manufacturing photoresist, aims to focus on industry consolidation after its privatization.