Taiwan’s Nuvoton buys chip unit of Panasonic

Deal one step further in company's foray into automobile, automation markets

Taiwan News
Date: 2020/09/01
By: Huang Tzu-ti, Taiwan News, Staff Writer

(Facebook, Nuvoton photo)

TAIPEI (Taiwan News) — Taiwan-based Nuvoton Technology Corporation (新唐科技) announced on Tuesday (Sept. 1) the completion of its $250 million acquisition of Panasonic’s semiconductor unit.

The all-cash transaction, announced in November, would have been finalized in June but was postponed due to the coronavirus. Panasonic Semiconductor Solutions Co. (PSCS) will be rebranded as Nuvoton Technology Corporation Japan, reported Anue.

Nuvoton has acquired a 100-percent equity stake in PSCS, which supplies semiconductor-related technologies and products, including image sensors, microcontrollers, and field-effect transistors. The relevant technologies will be applied to the automobile and automation industries, said Nuvoton.

The deal has been hailed as being able to magnify the profitability for Nuvoton, a spin-off from Winbond Electronics Corp. The company expects to expand its product lines, increase its market presence, and enhance its research and development capabilities with the acquisition.

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