Panasonic Leaves Semiconductor Business With Taiwan Sale

Techlife NewsNovember 30, 2019

Panasonic Leaves Semiconductor Business With Taiwan Sale
Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company.

Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co. to Nuvoton Technology Corp.

In recent years, Panasonic has sold its semiconductor plants in Singapore, Indonesia, and Malaysia.

Terms were not disclosed for Thursday’s move, set to be completed next year.

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November 30, 2019