Dec 20, 2013

Panasonic to sell three chip plants to Israel's TowerJazz in revamp

Panasonic Corp. said Friday it will effectively sell off three domestic semiconductor plants to Israeli chipmaker TowerJazz Semiconductor. The two firms will establish a joint venture temporarily named Panasonic TowerJazz Semiconductor by April 1, which will run the three Panasonic plants in Toyama and ...

Panasonic to shed 7,000 workers in chip business

Oct 24, 2013

Panasonic to shed 7,000 workers in chip business

Panasonic Corp. plans to cut up to 50 percent of the workforce in its semiconductor business — 7,000 employees — by March 2015 and sell off some of its factories, sources said Thursday. Most of the job losses will be overseas, while employees in ...