Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech - Nikkei

Credit: REUTERS/TORU HANAI

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

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Nov 27 (Reuters) - Japan's Panasonic Corp 6752.T 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. https://s.nikkei.com/35JxTeT

The ongoing U.S.-China tariff war has impacted chipmakers already grappling with oversupply.

Panasonic did not immediately respond to a Reuters request for comment.

(Reporting by Neha Malara in Bengaluru; Editing by Vinay Dwivedi)

((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 0344;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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