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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Alibaba Revenue Beats Expectations Despite Contraction
Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and the company continues to grapple with the fallout from increased regulatory scrutiny and slowing economy growth.
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Will China Attack Taiwan?
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CHINA IS WATCHING
THE RUSSIAN INVASION IS RESHAPING BEIJING'S PLANS TO MAKE TAIWAN ITS OWN
China Is Watching
The russian invasion is reshaping Beijing's plans to make Taiwan its own
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Bullying Tactics
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China is trying to force trading partners to toe its line on Taiwan. The U.S. and EU must fight back
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