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Fujitsu seeking buyer for chip business: Report

Posted: 25 Sep 2012     Print Version  Bookmark and Share

Keywords:chip business  semiconductor manufacturing  consumer electronics 

Japan-based Fujitsu Ltd is reportedly looking to sell off its chip business. According to a Bloomberg report, Fujitsu has hired Swiss financial services firm UBS AG to help with the sale of its semiconductor business.

Fujitsu is one of a number of troubled Japanese technology companies that are seeking to re-organise themselves. Renesas – made up from the semiconductor businesses of Hitachi, NEC and Mitsubishi Electric – is struggling as it tries to implement a restructuring plan. DRAM company Elpida Memory Inc. is set to be acquired by Micron Technology Inc. (Boise, Idaho) and Sharp Corp. is also seeking financial support to implement a restructuring plan.

Some confusion was caused recently when Fujitsu Semiconductor Ltd. announced that certain LSI assembly and test facilities were being transferred to J-Devices Corp., which was mis-reported as an exit from the semiconductor manufacturing by Fujitsu.

Like many other Japanese semiconductor companies Fujitsu has been hurt by a slump in the sales of Japanese flat screen televisions and as the consumer electronics business has migrated towards Samsung Electronics Co. Ltd. and Apple Inc.

Fujitsu's chip business could be worth Rs.14,444.44 crore (about $2.6 billion) the report said.

- Peter Clarke
  EE Times

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