Panasonic’s sale of its chipmaking business to Taiwan-Nuvoton Tech: Nikkei

FILE PHOTO: A man is reflected on a Panasonic Corp’s logos at the Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo

(Reuters) – the japanese Panasonic Corp (6752.(T) sale of loss-making semiconductor business to the Taiwan-Nuvoton Technology, Nikkei Asian Review reported on Thursday.

Panasonic will also be as a result of the three, the Japanese chipmaking facilities at TowerJazz Panasonic Semiconductor’s joint venture with Israel’s Tower Semiconductor, according to the report.

The current U.S.-China tariff war has impacted on chipmakers are already grappling with over-supply.

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

(This story removes extraneous letter in first paragraph)

Reporting by Neha Malara in Bengaluru; Editing by Vinay Dwivedi

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