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(Update 2) Panasonic to Withdraw from Chip Biz

(Update 2) Panasonic to Withdraw from Chip Biz

   Osaka, Nov. 28 (Jiji Press)--Japan's Panasonic Corp. <6752> said Thursday that it will pull out of the semiconductor business as part of its efforts to shed unprofitable operations.
   Panasonic will sell all outstanding shares in fully owned subsidiary Panasonic Semiconductor Solutions Co. to Taiwan's Nuvoton Technology Corp. for 250 million dollars. The deal will be implemented June 1, 2020.

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