Industry News

Panasonic Quits Chips

After 67 years Matsushita/Panasonic is quitting the chip industry.

Between 1985 and 1990 the company was a top ten player.

Now it is to be sold to Nuvoton Technology of Taiwan which is 61% owned by Winbond.

Nuvoton is paying $250 million for the unit which designs power-management chips and sensors for smartphones, cars and security cameras.

For its FY ending in March, Panasonic Semiconductor made a loss of $215 million on sales of $840 billion.

With the sale go three jv fabs shared with Tower Jazz.

Earlier this year, in May, Panasonic sold its discretes business – which makes diodes and transistors – to Rohm.

In 2015 the company put its SoC design business into a jv with Fujitsu called Socionext.

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