Panasonic says it will sell semiconductor business to Taiwan's Nuvoton
11/28/2019 | 03:07am EST
Panasonic Corp said on Thursday it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp, as the Japanese electronics giant struggles to boost profits amid a lack of growth drivers.
The deal value was not immediately available.
(Reporting by Makiko Yamazaki; Editing by Shri Navaratnam)