Japan Investment Corporation, Dai Nippon Printing Co., Ltd., and Mitsui Chemicals, Inc. entered into a basic transaction agreement to acquire 50.02% stake in Shinko Electric Industries Co., Ltd. from Fujitsu Limited for ¥285.1 billion.

Shinko Electric Industries Co Ltd is a Japan-based company mainly engaged in the development, manufacture and sale of products based on semiconductor mounting technology. The Company is engaged in the development, manufacture and sale of semiconductor packages such as lead frames, plastic laminate packages (PLPs) and glass terminals, as well as the assembly and sale of integrated circuits (ICs). The Company is also engaged in the manufacture of a variety of semiconductor packages through an integrated production system from development and design to shipment. The Company operates through two business segments. The Plastic Package segment assembles PLPs and ICs. The Metal Package segment manufactures and sells semiconductor lead frames, semiconductor glass-to-metal seals, heat spreaders and ceramic electrostatic chucks, among others.