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
(Reuters) – Japan’s Panasonic Corp (6752.T) will sell its loss-making semiconductor business to Taiwan’s Nuvoton Technology, a 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. 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.
(This story removes extraneous letter in first paragraph)
Reporting by Neha Malara in Bengaluru; Editing by Vinay Dwivedi
Get more stuff like this
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Thank you for subscribing.
Something went wrong.