Mitsubishi Corp is contemplating bidding for Fujitsu's chip packaging unit, Shinko Electric Industries. Japan's leading trading house is considering an entry into semiconductor manufacturing. Mitsubishi, which is 8.3% owned by Warren Buffett's Berkshire Hathaway, has formed a team to explore the possibility of delving into the back-end manufacturing process. This process involves mounting chips on frames, connecting wires, and packaging.
Fujitsu has put its 50% stake in Shinko Electric, valued at approximately $2.6 billion in current market prices, up for sale. This move has attracted the attention of global buyout firms Bain Capital, KKR, Apollo Global Management, as well as the government-backed Japan Investment Corp (JIC).
Mitsubishi intends to submit a joint bid with one of the potential buyers. However, these discussions are in the preliminary stages, and Mitsubishi has not yet finalized a partner.