Nuvoton Technology to acquire Panasonic's semiconductor unit for $250 million

Nuvoton Technology Corp agreed to acquire Panasonic's semiconductor solutions business for $250 million. The deal includes Panasonic's joint venture with Tower Semiconductor and is expected to close by June 2020.

“Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers.”businesstoday.com.tw

• 6 sources
• businesstoday.com.tw斥資76億！新唐買下Panasonic，進軍車用市場再添助力 - 今周刊劉又榛Nov 28, 2019
• investing.comPanasonic to sell its chip unit to Taiwan's Nuvoton for $250 million By ReutersNov 28, 2019
• taipeitimes.comNuvoton buys Panasonic’s last chip unit - Taipei TimesNov 28, 2019
• siliconangle.comPanasonic sells money-losing chip business to Nuvoton in $250M deal - SiliconANGLEMaria DeutscherNov 28, 2019
• web.archive.orgPanasonic to Sell Semiconductor Business to NuvotonAnton ShilovNov 29, 2019

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