Last week, Panasonic said it would be exiting its LCD production division by 2021. Now, the Japanese electronics giant says it is to sell off its semi-conductor business.

Panasonic says that intense competition and the US-China trade disputes have combined to take a toll on its chip-set sales.

The main subsidiary, Panasonic Semiconductor Solutions, is to be bought by Taiwan-based Nuvoton Technology. A second unit, which is a joint-venture with an Israeli company, is also to be sold to Nuvoton in a deal that values both businesses at some $250 million.

Most of Panasonic’s chip devices are used in vehicles and computers.

The transfers are expected to close by June 2020.

Other posts by :

1. Bank: Space industry worth $1tn by 2040
2. Xona Space wants 259 LEO satellites
3. 36 major airlines now committed to Starlink
4. Quilty: Top 5 Washington Satellite show takeaways
5. Space Wars: Starlink vs Amazon Leo
6. Eutelsat seeks ISRO deal for launches
7. Virgin Galactic sets prices for space tourists
8. Devas vs Antrix rumbles on
9. Shotwell makes TIME front cover

Categories: Articles, Business, M&A