Fujitsu General Limited has announced the sale of its power modules business, operated by its subsidiary Fujitsu General Electronics Ltd. (FGEL), to India-based L&T Semiconductor Technologies Ltd. for approximately 2 billion yen (around $12.8 million).
The deal, approved by Fujitsu’s board, also includes the transfer of production facilities to Kaynes Semicon Private Limited, the contract manufacturing arm of Kaynes Technology India Ltd. The transaction is expected to be finalized by June 23, pending regulatory approvals.
The divestment aligns with Fujitsu General’s strategy to streamline its Tech Solution Business and reinforce its overall business structure. The company expects to record an extraordinary gain of roughly 2 billion yen in the first quarter of fiscal year 2026.
FGEL, located in Iwate, Japan, focuses on the manufacturing of electronic and communication components. The acquiring entity, L&T Semiconductor Technologies Ltd., a subsidiary of Larsen & Toubro Ltd., is headquartered in Bengaluru and specializes in semiconductor development and sales.
With no prior capital or business ties between the involved companies, this transaction highlights the growing semiconductor cooperation between Japan and India, marking a significant step forward in cross-border industrial collaboration.
