TSMC Supplier Resonac Prepares for Billion-Dollar Chip Deals

Resonac Holdings Corp.is ready to spend hundreds of billions of yen on chip acquisitions, as the 84-year-old chemicals giant seeks to boost its role as a pivotal supplier to global giants like Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co.

The Japanese company, which last year outlined a 250 billion yen ($1.9 billion) blueprint to beef up its chip facilities by 2027, aims to capitalize on a much-needed consolidation of the $580 billion semiconductor industry, Chief Executive Officer Hidehito Takahashi told Bloomberg News. Resonac — which changed its name from Showa Denko this month to reflect its changing focus ...