November 27, 2019 / 10:43 PM / 15 days ago

REFILE-Panasonic to sell its chipmaking business to Taiwan's Nuvoton Tech - Nikkei

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Nov 27 (Reuters) - Japan’s Panasonic Corp will sell its loss-making semiconductor business to Taiwan’s Nuvoton Technology, Nikkei Asian Review reported on Thursday.

Panasonic will also divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor, a joint venture with Israel's Tower Semiconductor, according to the report. s.nikkei.com/35JxTeT

The ongoing U.S.-China tariff war has impacted chipmakers already grappling with oversupply.

Panasonic did not immediately respond to a Reuters request for comment.

Reporting by Neha Malara in Bengaluru; Editing by Vinay Dwivedi

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