News Formal

Panasonic leaves semiconductor business with Taiwan sale

  • 📰 ABC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Japanese electronics manufacturer Panasonic is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company.

Catch up on the developing stories making headlines.

Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co. to Nuvoton Technology Corp.Terms were not disclosed for Thursday’s move, set to be completed next year. Japanese media reports said the recent U.S.-China trade war, which has slowed sales in China, added to those pressures.

“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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Tough headline. *Tough* headline.

Yeah well, they were the equivalent of Nokia to smartphones

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech: NikkeiJapan's Panasonic Corp will sell its loss-making semiconductor bus... Good deal for Panasonic.
Source: Reuters - 🏆 2. / 97 Read more »