Advertisement
Canada markets close in 13 minutes
  • S&P/TSX

    21,968.76
    +83.38 (+0.38%)
     
  • S&P 500

    5,103.05
    +54.63 (+1.08%)
     
  • DOW

    38,250.68
    +164.88 (+0.43%)
     
  • CAD/USD

    0.7318
    -0.0005 (-0.07%)
     
  • CRUDE OIL

    83.64
    +0.07 (+0.08%)
     
  • Bitcoin CAD

    87,189.87
    -1,070.05 (-1.21%)
     
  • CMC Crypto 200

    1,331.25
    -65.29 (-4.67%)
     
  • GOLD FUTURES

    2,349.30
    +6.80 (+0.29%)
     
  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,935.80
    +324.04 (+2.08%)
     
  • VOLATILITY

    14.93
    -0.44 (-2.86%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Panasonic says it will sell semiconductor business to Taiwan's Nuvoton

FILE PHOTO: A man is reflected on Panasonic Corp's logo at Panasonic Center in Tokyo

TOKYO (Reuters) - Panasonic Corp <6752.T> said on Thursday it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp <4919.TW>, as the Japanese electronics giant struggles to boost profits amid a lack of growth drivers.

The deal value was not immediately available.

(Reporting by Makiko Yamazaki; Editing by Shri Navaratnam)