Fujitsu General to Transfer Power Modules Business to L&T Semiconductor Technologies in Strategic Portfolio Shift

Fujitsu General Limited announced in the month of June that its board of directors approved the transfer of the power modules business of its consolidated subsidiary, Fujitsu General Electronics Limited (FGEL), to L&T Semiconductor Technologies Limited (LTSCT) in India. The production facilities related to the business will be transferred to Kaynes Semicon Private Limited, a manufacturing contractor for LTSCT. The transaction, valued at approximately 2 billion yen, is part of Fujitsu General’s portfolio transformation strategy to strengthen its business foundations within the Electronic Device Business.

FGEL, based in Ichinoseki, Iwate, Japan, focuses on developing, manufacturing, and selling electronic devices and equipment for information and communications. The company has a capital of 800 million yen and is led by President Takeshi Nakanishi. The power modules business, the division being transferred, is expected to generate an extraordinary gain of about 2 billion yen for Fujitsu General in the first consolidated fiscal quarter of 2025 (April 1, 2025, to June 30, 2025). Due to a confidentiality agreement with LTSCT, details regarding the sales, ordinary income, assets, and liabilities of the transferred division were not disclosed.

LTSCT, headquartered in Bengaluru, Karnataka, India, specializes in the development, manufacture, and sale of semico...