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Panasonic announces reorganization of SAW filter business


Monday, 28 Apr 2014 03:30am EDT 

Panasonic Corp:To transfer business relating to development, manufacture and sale of surface acoustic wave (SAW) filters belonging to circuit component business division to a company to be newly established in Osaka on June 1, effective Aug. 1.To transfer 66 pct of outstanding shares in the new company to Skyworks Solutions, Inc. at $148.5 mln on Aug. 1.Says subsidiary Panasonic Asia Pacific Pte. Ltd. will transfer its SAW filter business to a new Singapore-based company to be established by the new company on July 1.