Fujitsu sells Shinko Electric chip packaging stake

Shinko will become privately owned with  JIC having an  80% share, Dai Nippon Printing with 15% and Mitsui Chemicals with 5%.

Shinko is the No.4 packaging company in the world with a global market share of 9.2% and a market cap of $5 billion.

The disposal is part of an attempt by Fujitsu to focus on its IT business and divest non-core businesses. Mobile devices and PCs were sold in 2018 and scanners went last year when the intention was said to be to sell air conditioners, batteries and Shinko.