The story
Founded by Furukawa Electric and Siemens in 1923.1
Fuji Electric was established in 1923 as a capital and technology tie-up between Furukawa Electric, a spinoff from Furukawa zaibatsu company, and Siemens AG. The name "Fuji" is derived from Furukawa's "Fu" and Siemens' "Ji", since German pronunciation of Siemens is written jiimensu in Japanese romanization. The characters used to write Mount Fuji were used as ateji.
In 1935, Fuji Electric spun off the telephone department as Fuji Tsushinki (lit. Fuji Communications Equipment, now Fujitsu).
From Wikipedia’s article on Fuji Electric, shared under CC BY-SA 4.0.5
