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Panasonic to sell off its smartphone chip unit for $250m

2019-11-28 01:00:00| Total Telecom industry news

Panasonic is to sell off its semiconductor and chipset manufacturing unit to Taiwan's Nuvoton Technology Corp, for an estimated $250 million. A report from Reuters highlighted the fact that Panasonic has already divested the majority of its chip businesses and the latest sale would form part of the company's ambition to cut its fixed costs by $920 million before March 2022…read more on TotalTele.com »

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