# 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.

- Type: Acquisition
- Announced: 2019-11-28
- Where: Kyoto, Japan
- Value: $250.0M
- Jobs: 2,000
- Status: announced
- Products: power-management chips, sensors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md)
- [Panasonic](https://endata.com/companies/1026.md) (partner)
- [Panasonic](https://endata.com/companies/1026.md) (target)
- [Tower Semiconductor](https://endata.com/companies/16113.md) (partner)
- [Panasonic Semiconductor Solutions](https://endata.com/companies/21856.md) (target)
- [TowerJazz](https://endata.com/companies/22289.md) (partner)
- [Winbond Electronics](https://endata.com/companies/26748.md) (investor)
- [TowerJazz Panasonic Semiconductor Company](https://endata.com/companies/38246.md) (target)
- [Nuvoton Technology](https://endata.com/companies/43581.md) (acquirer)
- [Panasonic Semiconductor Solutions (Suzhou)](https://endata.com/companies/43588.md) (target)
- [Panasonic Industrial Devices Semiconductor Asia](https://endata.com/companies/43589.md) (target)

## Sources

- [businesstoday.com.tw](https://www.businesstoday.com.tw/article/category/80392/post/201911280034/), 2019-11-28: "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."
- [investing.com](https://www.investing.com/news/stock-market-news/panasonic-to-sell-its-chip-unit-to-taiwans-nuvoton-for-250-million-2029827), 2019-11-28: "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."
- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2019/11/29/2003726633), 2019-11-28: "We believe it would broaden the company’s distribution channels and customer base by exploiting PSCS’ abundant resources in research and development, as well as its large pool of talent."
- [siliconangle.com](https://siliconangle.com/2019/11/28/panasonic-sells-loss-making-chip-business-nuvoton-250m-deal/), 2019-11-28: "Panasonic Corp. today said that it has inked a $250 million deal to sell its semiconductor business to Nuvoton Technology Corp."
- [web.archive.org](https://web.archive.org/web/20191130022536/https:/www.anandtech.com/show/15171/panasonic-to-sell-semiconductor-business-to-nuvoton), 2019-11-29: "Panasonic has announced plans to almost completely withdraw from semiconductor business and sell all of its related assets to Taiwan-based Nuvoton Technology."
- [dpreview.com](https://www.dpreview.com/news/3597603337/panasonic-to-sell-remaining-stake-in-semiconductor-business-in-face-of-aggressive-competition/), 2019-12-02: "Panasonic has announced it’s selling its minority stake in its semiconductor joint venture to Taiwanese company Nuvoton for $250M."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.