In recent years,
Terms were not disclosed for Thursday’s move, set to be completed next year.
Panasonic’s chipmaking has been struggling in recent years amid competition from cheaper rivals in
Japanese media reports said the recent
The move highlights
“The competitive environment surrounding the semiconductor business has become extremely severe due to aggressive expansion of competitors, huge investments in the focused area and industry reorganization,”
The company said it believed
Some Japanese companies remain in the business, including
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