Latest news for Shin-Etsu Chemical (OTC:SHECF) Stock

Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

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	Fujitsu Ltd (OTC: FJTSF) (OTC: FJTSY) eyed a quick sale of its entire stake in air-conditioning manufacturing unit Fujitsu General Ltd to simplify its operations.


Fujitsu Prepares To Divest Non-Core AC Unit Worth $1.1B: Report

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SHIN-ETSU CHEMICAL CO LTD by Shin-Etsu Chemical Co., Ltd.

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Shin-Etsu Chemical

<ul>
	<li>Fujitsu Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/FJTSF#OTC">FJTSF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FJTSY#OTC">FJTSY</a>) eyed a quick sale of its entire stake in air-conditioning manufacturing unit&nbsp;Fujitsu General Ltd&nbsp;to simplify its operations.</li>
	<li>The sale included parting with its Fujitsu General shares, worth &yen;140 billion ($1.1 billion), Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-01-11/fujitsu-to-sell-entire-1-billion-stake-in-air-conditioning-unit-fujitsu-general?srnd=technology-vp&amp;sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reports</a>.</li>
	<li>The CEO clarified not considering a partial divestment as it sheds non-core operations.&nbsp;</li>
	<li>The Japanese IT firm disposed of much of its consumer product lineup to focus on communications and information technology systems for businesses.</li>
	<li>In an interview, CEO Takahito Tokita shared plans to sell its 42% stake.</li>
	<li>The report further notes that Fujitsu&rsquo;s business now increasingly caters to a growing number of Japanese companies welcoming more digital workflows to keep up with technological shifts.</li>
	<li>When Fujitsu reported quarterly results in October, it shared possibilities of selling holdings in non-core affiliates, including Fujitsu General, battery manufacturer&nbsp;FDK Corp&nbsp;and&nbsp;Shinko Electric Co, Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SHEGF#OTC">SHEGF</a>). At the end of September, Fujitsu held about 59% of FDK and 50% of Shinko Electric.</li>
	<li>The report adds that Japan, home to many semiconductor production equipment and materials makers from&nbsp;Tokyo Electron Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOELF#OTC">TOELF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOELY#OTC">TOELY</a>) to&nbsp;Shin-Etsu Chemical Co, Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SHECF#OTC">SHECF</a>), faced pressure from the U.S. to help prevent&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30107947/alibaba-to-boost-japans-digital-transformation-with-third-data-center" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">chip technology from flowing into China.</a></li>
	<li>Tokita named the geopolitical strains over Taiwan and surging COVID-19 infections as the most significant risks making Fujitsu vulnerable.</li>
	<li>Price Action:&nbsp;FJTSF shares closed at $132.25 on Tuesday.</li>
	<li>Photo Via Company</li>
</ul>

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