# JIC-led group to buy Shinko Electric Industries for $4.71 billion

State-backed Japan Investment Corp (JIC) will join Dai Nippon Printing and Mitsui Chemicals to buy out Shinko Electric Industries, a chip-packaging unit of Fujitsu, for 684.9 billion yen ($4.71 billion).

- Type: Acquisition
- Announced: 2023-12-13
- Where: Japan
- Value: $4.71B (684.9B JPY)
- Status: announced
- Products: chip-packaging
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Dai Nippon Printing](https://endata.com/companies/3103.md) (acquirer)
- [Mitsui Chemicals](https://endata.com/companies/19809.md) (acquirer)
- [Shinko Electric Industries](https://endata.com/companies/35146.md) (target)
- [Fujitsu](https://endata.com/companies/43390.md) (partner)
- [Japan Investment Corp](https://endata.com/companies/74404.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/japan-state-backed-jic-buy-out-fujitsu-chip-packaging-unit-47-bln-2023-12-13/), 2023-12-13: "State-backed Japan Investment Corp (JIC) on Wednesday said it would join Dai Nippon Printing and Mitsui Chemicals to buy out Shinko Electric Industries for 684.9 billion yen ($4.71 billion)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.