University Suit on Key Chip Tech Threatens JSR’s $6 Billion Deal

A Japanese government-backed investment fund should be blocked from taking control of vital, patented semiconductor technology that a New York university says its researchers developed, according to a federal lawsuit.

The breach-of-contract case threatens to disrupt Japan Investment Corp.'s proposed $6.4 billion buyout of JSR Corp., the world’s largest producer of key compounds needed to produce advanced microchips.

Judge Brenda K. Sannes on Friday denied the Research Foundation for the State University of New York’s Thursday request for a hearing by Feb. 5 on its motion for a temporary restraining order and for a preliminary injunction, according to a ...