Exclusive-Mitsubishi Corp Considering Bid for Fujitsu s Chip Unit Shinko Electric -Sources usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Mitsubishi Corp is considering bidding for Fujitsu's chip packaging unit Shinko Electric Industries, two sources said, as Japan's top trading house weighs an entry into semiconductor manufacturing. Mitsubishi, owned 8.3% by Warren Buffett's Berkshire Hathaway, has set up a team to explore the possibility of entering the so-called back-end manufacturing process, which involves mounting chips on frames, connecting wires and packaging, the sources, who are familiar with the matter, said.
Mitsubishi Corp is
considering bidding for Fujitsu s chip packaging unit
Shinko Electric Industries, two sources said, as
Japan s top trading house weighs an entry into semiconductor
manufacturing. .
Mitsubishi Corp: Fujitsu has put its 50% stake in Shinko Electric, worth around $2.6 billion at current market prices, on sale, other sources said. The bid has reportedly drawn interest from global buyout firms Bain Capital, KKR, Apollo Global Management, as well as government-backed Japan Investment Corp.