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Japanese electronics producer Panasonic is abandoning the semiconductor enterprise with the sale of its final enterprise in that sector to a Taiwanese firm. Panasonic stated Thursday it was transferring the semiconductor enterprise operated by Panasonic Semiconductor Options to Nuvoton Expertise. Lately, Panasonic has bought its semiconductor vegetation in Singapore, Indonesia and Malaysia.
Phrases weren’t disclosed for Thursday’s transfer, set to be accomplished subsequent yr.
Panasonic’s chipmaking has been struggling lately amid competitors from cheaper rivals in South Korea and the remainder of Asia.
Japanese media reviews stated the current US-China commerce battle, which has slowed gross sales in China, added to these pressures.
The transfer highlights Panasonic and different Japanese electronics makers’ efforts to deal with extra profitable companies.
“The aggressive atmosphere surrounding the semiconductor enterprise has grow to be extraordinarily extreme as a consequence of aggressive growth of rivals, large investments within the targeted space and trade reorganization,” Panasonic stated in a press release.
The corporate stated it believed Nuvoton appreciates the strengths of Panasonic’s know-how and can steer the enterprise to secure progress.
Panasonic has additionally transferred one other a part of its semiconductor enterprise to Japanese rival Rohm Co., scheduled to be accomplished this yr.
Some Japanese corporations stay within the enterprise, together with Toshiba, Fujitsu, and Sony.
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