Panasonic sells three overseas semiconductor companies to Singapore

According to Japanese media reports, Panasonic Group announced on the 17th that it has decided to sell three semiconductor factories in Indonesia, Malaysia and Singapore to UTAC, a Singaporean semiconductor company. In addition, Panasonic has also decided to sell three major domestic factories to Israeli companies. In the future, the company will accelerate the promotion of production outsourcing to support the sluggish semiconductor business.

Panasonic is currently reorganizing its staff and transferring the employees of the three factories to UTAC in Singapore, with the goal of completing the sale in 2014. According to statistics, Panasonic has factories in China in addition to the three factories mentioned above, with a total of about 6,000 employees. The sale of the Chinese factories is currently under discussion.

It is understood that the three overseas factories sold mainly assemble and produce semiconductors for ultra-thin TVs and digital cameras, but the sluggish sales of digital home appliances have led to a significant decline in the factory operating rate. Therefore, Panasonic Group decided to sell the factories to reverse the loss situation. After UTAC takes over, Panasonic will also purchase semiconductors from UTAC.

Previously, Panasonic Group announced that it would sell the equity of three major semiconductor factories in Niigata and Toyama, Japan, and the sale is expected to be completed in April next year. It is reported that Israel's Tal Semiconductor, a well-known Japanese semiconductor manufacturer, may invest 51% in the acquisition. The Okayama factory will stop production and close at the end of March next year, and the production equipment of the Toyama factory will be transferred.

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