Resonac, a Japanese chip-materials maker, has announced the creation of JOINT3, which it describes as a consortium of 27 companies working together on semiconductor-related developments.

¡°With next-generation technologies like generative AI and self-driving cars rapidly spreading, the technology required for semiconductors is getting more advanced and complex,¡± Resonac CEO Hidehito Takahashi said Wednesday.

Companies from a number of countries will be involved in JOINT3 (Jisso Open Innovation Network of Tops), which is led by Resonac. The list includes St. Paul, Minnesota¡¯s 3M, Rolla, Missouri¡¯s Brewer Science, Sunnyvale, California¡¯s Synopsys and Singapore-headquartered, Hong Kong-listed ASMPT.