BREAKING NEWS

Panasonic says it will sell semiconductor business to Taiwan's Nuvoton

Panasonic says it will sell semiconductor business to Taiwan's Nuvoton
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 -
Copyright
Kim Kyung Hoon(Reuters)
Text size Aa Aa

TOKYO (Reuters) – Panasonic Corp <6752.T> said on Thursday it would sell its loss-making semiconductor unit to Taiwan’s Nuvoton Technology Corp <4919.TW>, as the Japanese electronics giant struggles to boost profits amid a lack of growth drivers.

The deal value was not immediately available.

(Reporting by Makiko Yamazaki; Editing by Shri Navaratnam)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.