Panasonic to sell loss-making chip unit to Taiwan's Nuvoton for $250m

Panasonic to sell loss-making chip unit to Taiwan's Nuvoton for $250m

A Panasonic camera strap is laid out on a table. Photo: Wojciech Magdziak vel Wierzbicki

Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan’s Nuvoton Technology Corp for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers.