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

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Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech: Report
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Japan's Panasonic will sell its loss-making semiconductor business to Taiwan's Nuvoton Technology, a Nikkei Asian Review reported on Thursday.

REUTERS: Japan's Panasonic will sell its loss-making semiconductor business to Taiwan's Nuvoton Technology, 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.The ongoing U.S.-China tariff war has impacted chipmakers already grappling with oversupply.

 

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