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)

By Reuters

Published on 28/11/2019 - 09:34•Updated 25/04/2024 - 00:14

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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)

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