UPDATE 2-Panasonic to sell its chip unit to Taiwan's Nuvoton for $250 million [Reuters]
PANASONIC HLDS CP S/ADR (PCRFY)
NASDAQ:AMEX Investor Relations:
panasonic.com/global/corporate/ir.html
Company Research
Source: Reuters
Panasonic to sell its chip unit to Taiwan's Nuvoton for $250 million TOKYO(Reuters) - Panasonic Corp ( 6752.T ) said it would sell its loss-making semiconductor unit to Taiwan’s Nuvoton Technology Corp ( 4919.TW ) for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers. The sale is part of Panasonic’s plans to cut fixed costs by 100 billion yen ($920 million) by the year ending in March 2022 by consolidating production sites and overhauling loss-making businesses. Panasonic has already divested most of its chip business as it lost to more nimble Korean and Taiwanese rivals, and has shut down or shifted its manufacturing facilities to its joint venture (JV) with Israel’s Tower Semiconductor ( TSEM.TA ). Its semiconductor unit currently focuses on designing power-management chips and sensors for smartphones, cars and security cameras. It sold part of the power management chip business to Japan’s Rohm Co ( 6963.T ) this month.
Show less
Read more
Impact Snapshot
Event Time:
PCRFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PCRFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PCRFY alerts
High impacting PANASONIC HLDS CP S/ADR news events
Weekly update
A roundup of the hottest topics
PCRFY
News
- Global Two-Wheeler Battery Management System Market to Reach USD 1.62 Billion in 2022 with Continued Expansion Through 2028 [Yahoo! Finance]Yahoo! Finance
- Nexeon Breaks Ground on First Silicon Anode Material Production Site, Securing Path to 2025 Delivery [Yahoo! Finance]Yahoo! Finance
- DigiCert and Macnica Bring Matter-Enabled Smart Home Solutions to Panasonic Room Air Products [Yahoo! Finance]Yahoo! Finance
- Tantalum Capacitor Market Poised for 6.7% CAGR Surge, Targeting US$ 4.25 Billion by 2034: Fact.MR Study [Yahoo! Finance]Yahoo! Finance
- InterDigital double-downgraded at BofA on limited growth opportunities [Seeking Alpha]Seeking Alpha