Nuvoton Technology Corporation (TSEC:4919, herein “Nuvoton”) announced 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: