Panasonic Is Leaving The Semiconductor Business
- It had transferred another part of its semiconductor business to Japanese company Rohm Co
- In recent years, the company has sold its semiconductor plants in Singapore, Indonesia and Malaysia
Image for representational purpose only
According to a report by The Associated Press, Japanese electronics manufacturer Panasonic is leaving the semiconductor business after the sale of its last business in that domain to a Taiwanese company. The report also said that Panasonic said that it was transferring its semiconductor business operated by Panasonic Semiconductor Solutions Co. to Nuvoton Technology Corp.
As per the report, terms of the deal have not been disclosed but the move will be completed next year. In recent years, the company has sold its semiconductor plants in Singapore, Indonesia and Malaysia.
Another part of semiconductor business sold to Rohm Co
The report said Panasonic said in a statement that the competitive environment surrounding the semiconductor business has become severe due to aggressive expansion of competitors, huge investments in the focused area and industry reorganisation. The company had transferred another part of its semiconductor business to Japanese company Rohm Co which is scheduled to be completed this year.