Panasonic says it will sell semiconductor business to Taiwan's Nuvoton

Nuvoton Technology

28/11/2019 07:01

TOKYO, Nov 28 (Reuters) - Panasonic Corp  6752.T  said on
Thursday it would sell its loss-making semiconductor unit to
Taiwan's Nuvoton Technology Corp  4919.TW , as the Japanese
electronics giant struggles to boost profits amid a lack of
growth drivers.
    The deal value was not immediately available. 

 (Reporting by Makiko Yamazaki
Editing by Shri Navaratnam)
 ((chris.gallagher@thomsonreuters.com; 81-3-4563-2714;))