Panasonic quits chips

After 67 years Matsushita/Panasonic is quitting the chip industry. Between 1985 and 1990 the company was a top ten player. Now it is to be sold to Nuvoton Technology of Taiwan which is 61% owned by Winbond. Nuvoton is paying $250 million for the unit which designs power-management chips and sensors for smartphones, cars and security ...

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