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. s.nikkei.com/35JxTeT
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