Panasonic to withdraw / sell from semiconductor business November 28, 12:08
Panasonic has decided to withdraw from the semiconductor business, which had been in the red. With the trade friction in the US and China as a background, sales of semiconductors were forced to make decisions.
According to officials, Panasonic has decided to sell its shares in Panasonic Semiconductor Solutions, a subsidiary that manufactures and sells semiconductors.
Coordination is proceeding in the direction of selling to Taiwanese semiconductor manufacturer Nuvoton Technology.
This subsidiary produces semiconductors that are mainly used in automobiles and servers.
In Toyama Prefecture, we plan to sell the semiconductor business jointly with an Israeli company to other companies.
Panasonic entered the semiconductor business in 1952 as a joint venture with Philips, a Dutch company, and was proud of the world's largest sales of semiconductors around 1990.
However, with the rapid growth of companies in South Korea and Taiwan, business performance has been sluggish, and recently deficit management continued.
Furthermore, against the backdrop of trade friction between the United States and China, sales of semiconductors for automobiles to China did not appear.
It is a form that has been forced to make a decision due to such deterioration in business performance.
Panasonic is accelerating its withdrawal from the deficit business by deciding to end production of LCD panels last week.