Fujitsu Limited (TSE:6702) will grant a consortium led by government-backed Japan Investment Corporation preferential negotiating rights for the possible sale of subsidiary Shinko Electric Industries Co., Ltd. (TSE:6967), it was learned on 12 December 2023. Teaming up with Dai Nippon Printing Co., Ltd. (TSE:7912) and Mitsui Chemicals, Inc. (TSE:4183), JIC is seen aiming to acquire all of the chip packaging unit's shares and take it private. The acquisition is expected to be valued at around JPY 800 billion.

Fujitsu, which owns a 50% stake in the company, is selling noncore operations to focus on services that help customers solve problems.