11 hours ago
Japan's Fujitsu General to transfer power modules biz to India's LTSCT for ₹118.34-crore
NEW DELHI: Japan's
Fujitsu General
is transferring its power modules business to India's
L&T Semiconductor Technologies Limited
(LTSCT) for about 2 billion yen (~₹118.34 crore), as the former's Fujitsu General Electronics subsidiary consolidates its portfolio.
Fujitsu will transfer the production facilities related to the power modules business to Bengaluru-headquartered
Kaynes Semicon
, which will, in turn, manufacture these products for LTSCT.
'Fujitsu General Limited…resolved at its board of directors meeting held on June 9, 2025, to transfer the (power modules) business to
L&T
Semiconductor Technologies Limited…and transfer the production facilities related to the business to Kaynes Semicon Private Limited, one of LTSCT's manufacturing contractors,' the Japanese firm said in a statement Monday.
The company said it is transferring the business as part of a "portfolio transformation of the electronic device business in line with strengthening the company group's business foundations".
Consequently, Fujitsu said it will record an extraordinary gain of 2 billion yen in the first consolidated fiscal quarter of 2025, ending March 31.
As per media reports in 2024,
Larsen & Toubro
has invested more than $300 million to create its fabless chip company, LTSCT, joining efforts by other Indian conglomerates in the booming semiconductor industry.
News agency PTI had reported that L&T chip unit expects to commence manufacturing of in-house designed products in the next two years.
Prime Minister Narendra Modi's government in September last year approved Kaynes' proposal to set-up a semiconductor unit in Sanand, Gujarat, with an investment of ₹3,300 crore. Once operationalised, the plant will have a capacity of 60 lakh chips per day.
