Electronics giant Panasonic has announced that it will leave the silicon manufacturing market, in which the firm was once a benchmark in the 1980s and 1990s. which was once one of the most relevant countries in the world in this area.
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In recent quarters, the silicon manufacturing division has faced serious financial difficulties, including an average loss of $ 215 million a year. Meanwhile, competition from semiconductor manufacturing companies in China and Taiwan has increased considerably, creating yet another barrier to Panasonic's success in this market.
These are the main reasons why the Japanese manufacturer announced the sale of its silicon production lines. Meanwhile, Panasonic's subsidiary known as Semiconductors Solutions will be sold to Nuvoton Technology Corporation. Nuvoton is a semiconductor company that emerged from Winbond Electronics Corporation in 2008. Winbond still owns 61% of the new company.
According to the publication, Panasonic forecasts a 27% drop in operating profit by 2019, with its declining semiconductor manufacturing business. Part of the Japanese manufacturer's sales strategy involves abandoning all of its falling divisions. This also includes the manufacture of LCD screens, where Chinese manufacturers already offer lower prices and higher panel production rates.
Via: TechPowerUp Source: Tech Xplore
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