Japanese sovereign wealth fund JIC plans to sell semiconductor materials maker JSR to chemical extraction for more than 1.3 trillion yen ($8.2 billion), Reuters reports. JIC bought JSR two years ago for about 900 billion yen and now intends to take advantage of the rise in valuations of its core assets amid a boom in artificial intelligence investments. It is expected that the deal may become one of the largest in the Japanese chemical industry, and the final decision on it will be made within a month.