Panasonic leaves semiconductor business with Taiwan sale

guest · Nov 30, 2019

Panasonic leaves semiconductor business with Taiwan sale
November 28, 2019
https://apnews.com/6768c7ef248e47378e5d0a2ecf0d22ca

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.
Panasonic’s chipmaking has been struggling in recent years amid competition from cheaper rivals in South Korea and the rest of Asia.

“The competitive environment surrounding the semiconductor business has become extremely severe due to aggressive expansion of competitors, huge investments in the focused area and industry reorganization,” Panasonic said in a statement.
The company said it believed Nuvoton appreciates the strengths of Panasonic’s technology and will steer the business to stable growth.
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Panasonic: Announcement of the Transfer of the Semiconductor Business

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