Panasonic to sell its chipmaking business to Taiwan’s Nuvoton Tech – Nikkei – Nasdaq

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Nov 27 (Reuters)Japan’s Panasonic Corp 6752.T will sell its loss-making semiconductor business to Taiwan’s Nuvoton Technology, 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.

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.

(Reporting by Neha Malara in Bengaluru; Editing by Vinay Dwivedi)

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