Xintang Technology completes $250M acquisition of Panasonic Semiconductor

Xintang Technology (Nuvoton Technology) completed its $250 million (RMB1.75 billion) acquisition of Panasonic's semiconductor business PSCS, including Panasonic Semiconductor (Suzhou) and Panasonic Industrial Devices Semiconductor in Singapore. The combined entity will be renamed Nuvoton Technology Japan Corporation.

“Xintang announced that it has completed a $250 million (RMB1.75 billion) acquisition of Panasonic's semiconductor business PSCS.”sunton-sg.com

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• sunton-sg.com1.75 billion yuan! Xintang announced the completion of its cash acquisition of Panasonic Semiconductor. > Company news > NEWS > SUNTON ELECTRONICS PTE.LTDSep 2, 2020

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