Panasonic to promote its chipmaking enterprise to Taiwan’s Nuvoton Tech: Nikkei


FILE PHOTO: A person is mirrored on Panasonic Corp’s emblem at Panasonic Middle in Tokyo, Japan, February 2, 2017. Information/Kim Kyung-Hoon/File Picture

(Information) – Japan’s Panasonic Corp (6752.T) will promote its loss-making semiconductor enterprise to Taiwan’s Nuvoton Know-how, a Nikkei Asian Evaluation reported on Thursday.

Panasonic may also divest three Japanese chipmaking services of TowerJazz Panasonic Semiconductor, a three way partnership with Israel’s Tower Semiconductor, in response to the report.

The continuing U.S.-China tariff conflict has impacted chipmakers already grappling with oversupply.

Panasonic didn’t instantly reply to a Information request for remark.

(This story removes extraneous letter in first paragraph)

Reporting by Neha Malara in Bengaluru; Modifying by Vinay Dwivedi