Advanced Television

Panasonic to sell chip business

December 2, 2019

By Chris Forrester

Last week, Panasonic said it would be exiting its LCD production division by 2021. Now, the Japanese electronics giant says it is to sell off its semi-conductor business.

Panasonic says that intense competition and the US-China trade disputes have combined to take a toll on its chip-set sales.

The main subsidiary, Panasonic Semiconductor Solutions, is to be bought by Taiwan-based Nuvoton Technology. A second unit, which is a joint-venture with an Israeli company, is also to be sold to Nuvoton in a deal that values both businesses at some $250 million.

Most of Panasonic’s chip devices are used in vehicles and computers.

The transfers are expected to close by June 2020.

Categories: Articles, Business, M&A