Fujitsu Sells Power Modules Arm to India’s L&T
ECONOMY & POLICY

Fujitsu Sells Power Modules Arm to India’s L&T

Fujitsu General Ltd. announced on Monday that it will divest its power modules business, managed by subsidiary Fujitsu General Electronics Ltd. (FGEL), to India-based L&T Semiconductor Technologies Ltd. for approximately 2 billion yen (around USD 12.8 million). The decision, approved by the board earlier in the day, forms part of a wider strategic reorganisation of Fujitsu General’s business portfolio.

As part of the transaction, related production facilities will also be transferred to Kaynes Semicon Private Ltd., the contract manufacturing division of Kaynes Technology India Ltd. The deal is scheduled to close on 23 June, subject to regulatory approval under Japan’s Foreign Exchange and Foreign Trade Act.

Fujitsu General expects to book an extraordinary gain of approximately 2 billion yen in the first quarter of its fiscal year ending March 2026 due to the sale. The divestment is intended to streamline operations within the company’s Tech Solution Business and bolster its broader business foundation.

FGEL, based in Iwate, Japan, specialises in the manufacturing of electronic devices and communications equipment. Bengaluru-based L&T Semiconductor Technologies is a wholly owned subsidiary of Larsen & Toubro Ltd., focusing on the development and sale of semiconductor products.

Fujitsu General confirmed that it has no previous capital, personnel, or business links with L&T Semiconductor Technologies or Kaynes Semicon, and neither company is considered a related party.

The move underlines the rising trend of cross-border collaboration in the semiconductor industry and further strengthens industrial cooperation between Japan and India.


Fujitsu General Ltd. announced on Monday that it will divest its power modules business, managed by subsidiary Fujitsu General Electronics Ltd. (FGEL), to India-based L&T Semiconductor Technologies Ltd. for approximately 2 billion yen (around USD 12.8 million). The decision, approved by the board earlier in the day, forms part of a wider strategic reorganisation of Fujitsu General’s business portfolio.As part of the transaction, related production facilities will also be transferred to Kaynes Semicon Private Ltd., the contract manufacturing division of Kaynes Technology India Ltd. The deal is scheduled to close on 23 June, subject to regulatory approval under Japan’s Foreign Exchange and Foreign Trade Act.Fujitsu General expects to book an extraordinary gain of approximately 2 billion yen in the first quarter of its fiscal year ending March 2026 due to the sale. The divestment is intended to streamline operations within the company’s Tech Solution Business and bolster its broader business foundation.FGEL, based in Iwate, Japan, specialises in the manufacturing of electronic devices and communications equipment. Bengaluru-based L&T Semiconductor Technologies is a wholly owned subsidiary of Larsen & Toubro Ltd., focusing on the development and sale of semiconductor products.Fujitsu General confirmed that it has no previous capital, personnel, or business links with L&T Semiconductor Technologies or Kaynes Semicon, and neither company is considered a related party.The move underlines the rising trend of cross-border collaboration in the semiconductor industry and further strengthens industrial cooperation between Japan and India.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code