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

Reuters

Published Nov 28, 2019 08:08

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

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