Fujitsu forms PC, mobile subsidiary companies
Fujitsu spins off PC and mobile divisions into subsidaries, wants to be more efficient in crowded market
By Sean Ridgeley from Dec 28, 2015 @ 14:25 CST
On Christmas Eve, Fujitsu finalized plans to spin off its PC and mobile divisions into two separate subsidiary companies, dubbed Fujitsu Client Computing Limited and Fujitsu Connected Technologies Limited, respectively.
Fujitsu's motivation boils down to a desire for more efficiency and distinction, particularly in the face of the ever-crowded PC and mobile markets.
The company will allocate 400 million yen (about 3.3 million USD) and 8,000 shares to each of the new subsidiaries.