October 20, 2023 /SemiMedia/ -- According to sources, Mitsubishi is considering entering the semiconductor manufacturing industry by bidding for Shinko Electric Industries, a chip packaging subsidiary of Fujitsu.

Sources said Mitsubishi has formed a team to explore the possibility of entering the semiconductor back-end manufacturing process (packaging and testing).

It is said that Fujitsu has decided to sell its 50% stake in Shinko, which is worth about US$2.6 billion based on the current market price. Bain Capital, KKR, Apollo Global Management and Japan Investment Corp are all interested in the bid.

Sources said Mitsubishi is planning a joint bid with one of the potential buyers but is in the early stages of negotiations.

Shinko is a supplier to chip companies such as Intel and AMD. A spokesman for Shinko declined to comment so far.