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Fujitsu will spin off chip division, say reports

Posted on Jan 21, 2008 10:43:27 AM

Posted Jan 21st 2008 3:41AM by Evan Blass
Filed under: Misc. GadgetsFujitsu Limited, which is known for many fine products from laptops to degaussers, is allegedly poised to spin off one business it is not so well known for, its semiconductor division. Both NHK and the Asahi Shimbun are reporting that the Japanese firm will cut loose the organization “in a few months and form a new company by consolidating its chip production bases in Japan.” According to Japan Today, while accounting for 10% of the multinational conglomerate’s sales, the division continues to see heavy losses due to steep development costs, and may eventually have to merge with one of its rivals in order to survive.

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