Announcement of the Acquisition of the Semiconductor Business from Panasonic
Nuvoton Technology Corporation (TSEC:4919, herein “Nuvoton”) announced today that it has entered into a Stock and Asset Purchase Agreement with Panasonic Corporation (TSE:6752, herein “Panasonic”) under which Nuvoton will acquire the semiconductor business of Panasonic mainly operated by Panasonic Semiconductor Solutions., Ltd. (herein “PSCS”) in an all-cash transaction. The transaction has been approved by the Board of Directors of Nuvoton.
PSCS, located in Nagaokakyo City, Kyoto, is a leading global supplier of semiconductor devices and solutions with products that focus on “Sensing” technologies such as Image Sensors, Image / Digital Signal Processors, “Microcontroller” technologies such as MCU, IC Card, Battery Management, Power Management and ”Component” technologies such as MOSFET, RF-GaN and Laser Diode.
The acquisition of the semiconductor business mainly operated by PSCS will generate greater value for customers and shareholders of both companies, and will:
- Increase Nuvoton’s presence in the global semiconductor industry through greater scale and volume of semiconductor solutions;
- Position Nuvoton well to capture secular growth trends in the electrification and automation of automotive and industrial fields;
- Broaden Nuvoton’s distribution channels and customer base to explore cross-selling opportunities; and
- Strengthen Nuvoton’s technology platform via deeper R&D resources and a broader intellectual property portfolio.
This transaction, which is expected to close by June 2020, is subject to certain closing conditions including obtaining required regulatory and certain other approvals and consents in the relevant jurisdictions.
Nuvoton was spun off as a Winbond Electronics affiliate in July 2008 and became public in September 2010 on the Taiwan Stock Exchange (TSEC) with ticker of “4919”.
Nuvoton is an important subsidiary of Winbond, and Winbond holds 62% of shares of Nuvoton with consolidated revenues of about US$1.68 billion as of 2018. Winbond and Nuvoton together own one 6-inch and one 12-inch wafer fab with 4,300 employees. We aim to provide IDM (Integrated Device Manufacturer) services for advanced technologies in two main areas: logic IC and Specialty Memory.
Winbond and Nuvoton provide customer-driven memory solutions backed by our expertise in product design, R&D, manufacturing, and sales service. We establish close and flexible relationships with our customers based on their specific attributes and demands. Winbond and Nuvoton have established subsidiaries in the USA, China, Israel, Japan and India to strengthen our regional customer support and global management.
Spokesperson : Jessica Chiou-Jii Huang, Chief Administration Executive
TEL : +886-3-5770066 ext. 31383
News Liaison : Peggy Lee
TEL : +886-3-5770066 ext.32017