Did Fujitsu get bought out?

Fujitsu Limited as a whole has not been bought out and remains an independent publicly traded company on the Tokyo Stock Exchange with a market capitalization of over $20 billion. However, major parts of its business have been sold or spun off, which is why it may seem like it was bought. The most significant deal was its personal computer business. In 2018, Lenovo acquired 51% of Fujitsu Client Computing Limited, creating a joint venture where Lenovo has majority control, Fujitsu retains 44%, and Development Bank of Japan holds 5%. This effectively means Lenovo runs Fujitsu's PC business. Similarly, Fujitsu sold its mobile phone business, Fujitsu Connected Technologies, to investment fund Polaris Capital. Its hard drive business was sold to Toshiba in 2009. Its semiconductor business was spun off as Socionext and other ventures. In 2009, Fujitsu also bought out Siemens' 50% share of Fujitsu Siemens Computers, taking full control before later exiting that market. So while the core enterprise IT services, servers, and solutions company remains Japanese-owned and independent, Fujitsu has strategically exited or partnered on consumer electronics businesses where it could not achieve scale, choosing to focus on higher-margin enterprise IT, which is a common restructuring path for legacy Japanese electronics giants facing global competition.