By Natasha Li / Staff reporterNuvoton Technology Corp’s (新唐科技) announcement yesterday that it is buying Panasonic Semiconductor Solutions Co Ltd (PSCS) marks the end of Japanese electronics giant Panasonic Corp’s involvement in the semiconductor business. There are no plans to cut jobs and Nuvoton would integrate PSCS’ more than 2,000 employees, she said. Kadoma City, Japan-based Panasonic’s move to sell its semiconductor unit to Nuvoton came after it revealed a three-year-plan to exit the semiconductor business earlier this year. It has faced rising competition in the semiconductor business from Taiwanese and South Korean rivals, which has been aggravated by a US-China trade spat. Panasonic sold part of PSCS’ diode and transistor business to Kyoto, Japan-based Rohm Semiconductor Co Ltd in April.

Source: Taipei Times November 28, 2019 15:56 UTC