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.
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.
TOKYO :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 per cent by Warren Buffett's Berkshire Hathaway, has set up a team to explore the po