Fujitsu seeking buyers for semiconductor unit

  • Japan: Tuesday, September 25 - 2012 at 09:19

Japan's biggest provider of computer services, Fujitsu Ltd is seeking buyers for its semiconductor business as part of a restructuring effort, Bloomberg has reported, citing people familiar with the matter. The maker of the K supercomputer hired UBS AG as financial adviser on the sale process, said the people. The business may be worth as much as ¥200bn ($2.6bn), according to Yoshihisa Toyosaki, a Tokyo-based analyst with Architect Grand Design, a Japanese electronics research and consulting company. "Fujitsu semiconductor has world-class technology and assets for consumer electronics," Toyosaki said. "Taking everything, including patents, into consideration, the division is worth ¥200bn at least."

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