November 28, 2019 / 8:08 AM / 11 days ago

Panasonic says it will sell semiconductor business to Taiwan's Nuvoton

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

TOKYO (Reuters) - Panasonic Corp (6752.T) said on Thursday it would sell its loss-making semiconductor unit to Taiwan’s Nuvoton Technology Corp (4919.TW), 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

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