Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech: Nikkei

FILE PHOTO: A man is reflected on Panasonic Corp's logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo

- Japan’s Panasonic Corp will sell its loss-making semiconductor business to Taiwan’s Nuvoton Technology, a Nikkei Asian Review reported on Thursday. Panasonic will also divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor, a joint venture with Israel's Tower Semiconductor, according to the report.Panasonic did not immediately respond to a Reuters request for comment.

Good deal for Panasonic.

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