Home > Hardware > Components > Panasonic To Sell Chipmaking Business

Panasonic To Sell Chipmaking Business

Japanese technology conglomerate Panasonic will sell its loss-making semiconductor business to Taiwan’s Nuvoton Technology.

Panasonic was once a pioneer in the semiconductor industry, a sector that it first entered in 1952. But the unit is struggling, largely due to the US-China trade war.

The company is preparing to sell wholly owned Panasonic Semiconductor Solutions to a midsize Taiwanese company that supplies the likes of HP, Dell and Microsoft.

The chip unit handles development, production and sales. Panasonic will also part with three Japanese chipmaking facilities under TowerJazz Panasonic Semiconductor, a joint venture with Israel’s Tower Semiconductor.

Nuvoton, a subsidiary of Taiwanese specialty memory chip maker Winbond, makes microcontrollers, controllers, and audio- and power-related chips.

You may also like
Retail Revolt Sony Being Pressured To Stop Selling Direct Following Canon Move
Panasonic Hybrid Camera Puts Big Performance In Small Package
41% Oz Businesses Report Revenue Drop In August
Asana To Go Public Despite No Profit Since Launch
Pop Up Home Office Rolled Out By Panasonic