November 28 - 15:11
14D
Panasonic offloads semiconductor business to Nuvoton for $250 million
Panasonic is to sell its semiconductor business unit to Taiwan's Nuvoton for $250 million, it has announced. The Japanese firm is stepping up its efforts to pull out of money-losing operations and focus more on growth areas. Japanese chip manufacturers once led the market, but have come under increasing pressures from Taiwanese and South Korean competitors.
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