+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
News Article

Panasonic completes transfer of semiconductor business to Nuvoton

News

Panasonic Corp of Osaka, Japan has completed the transfer of its semiconductor business – which is mainly operated by Panasonic Semiconductor Solutions Co Ltd (PSCS) – to Taiwan-based Nuvoton Technology Corp, a semiconductor company under the umbrella of Winbond Electronics Corp group, following the receipt of regulatory approvals.

Since the transfer was announced last November, Panasonic and Nuvoton have been collaboratively pursuing anti-trust clearance and other customary regulatory approvals from the competent authorities, with a target effective date of 1 June. However, the closing date was postponed due largely to the COVID-19-induced delay in clearance processes. The transaction has now been completed with all the necessary approvals obtained.

Restructuring of the semiconductor business, announced along with the transfer, has already been completed prior to the transaction.

Panasonic says that, going forward, it remains committed to focusing on its B-to-B business. In the industrial solutions business, it has identified ‘Automotive CASE’, ‘Information Network Infrastructure’ and ‘Automation/Labor-savings’ as three key areas of focus.

Following completion of the transfer, PSCS is being renamed Nuvoton Technology Corporation Japan.

The transaction includes all shares of PSCS, equipment and inventories of Panasonic Semiconductor (Suzhou) Co Ltd, and assets, liabilities and contracts related to predefined specific business of Panasonic Industrial Devices Semiconductor Asia.

Nuvoton not only acquires PSCS’ R&D manpower, plus sensing, microcontroller and component technologies but also land in Nagaokakyo City, Kyoto Prefecture and four other locations. In the long term, Nuvoton is expected to enhance the technology capabilities, diversify the product line, enlarge its business scope as well as revenue growth, gain additional market shares and therefore increase its visibility in both Japan and the global market.

Through the acquisition, Nuvoton aims to capture the long-term growth trends in the industrial automation and automotive sectors, create a strategic position for its industrial growth, expand global sales channels and boost its influence in the global semiconductor industry.





Purdue, imec, Indiana announce partnership
Resilinc partners with SEMI on supply chain resilience
NIO and NXP collaborate on 4D imaging radar deployment
Panasonic Industry digitally transforms with Blue Yonder
Global semiconductor sales decrease 8.7%
MIT engineers “grow” atomically thin transistors on top of computer chips
Keysight joins TSMC Open Innovation Platform 3DFabric Alliance
Leti Innovation Days to explore microelectronics’ transformational role
Quantum expansion
indie launches 'breakthrough' 120 GHz radar transceiver
Wafer fab equipment - facing uncertain times?
Renesas expands focus on India
Neuralink selects Takano Wafer Particle Measurement System
Micron reveals committee members
Avoiding unscheduled downtime in with Preventive Vacuum Service
NFC chip market size to surpass US$ 7.6 billion
Fujifilm breaks ground on new €30 million European expansion
Fraunhofer IIS/EAS selects Achronix embedded FPGAs
Siemens announces certifications for TSMC’s latest processes
EU Chips Act triggers further €7.4bn investment
ASE recognised for excellence by Texas Instruments
Atomera signs license agreement with STMicroelectronics
Gartner forecasts worldwide semiconductor revenue to decline 11% in 2023
CHIPS for America outlines vision for the National Semiconductor Technology Center
TSMC showcases new technology developments
Alphawave Semi showcases 3nm connectivity solutions
Greene Tweed to open new facility in Korea
Infineon enables next-generation automotive E/E architectures
Global AFM market to reach $861.5 million
Cepton expands proprietary chipset
Semtech adds two industry veterans to board of directors
Specialty gas expansion
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: