Panasonic exits semiconductor sector

Friday 29 November 2019 | 09:16 CET | News

Panasonic has sold its semiconductor business to Nuvoton Technology, with Digitimes putting the price at USD 250 million. The operations come under the Panasonic Semiconductor Solutions (PSCS) and include image sensors, laser diodes, MOSFETs, motor driver ICs, power devices, radio-frequency devices, and audio and visual systems. The transaction is expected to complete in June. 

Panasonic said the competitive environment surrounding the semiconductor business has become “extremely severe” due to the aggressive expansion of competitors, huge investments and industry consolidation. The only way to go forward would be to invest and expand continuously, Panasonic said, adding that it has opted to sell the business, as well its related intellectual property rights. The company will also transfer its Suzhou-based subsidiary to Nuvoton's operations in China. 

Panasonic said it started reducing its semiconductor operations in 2014, with the transfer of its semiconductor wafer production process of the Hokuriku Plans (Uozu, Tonami, Arai) to a joint venture company formed with Tower Semiconductor, an Israel based foundry company. It also transferred its assembly plans in Sinapore, Indonesia and Malaysia to UTAC Manufacturing Services, based in Hong Kong.

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Categories: General
Companies: Panasonic
Countries: World
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