TAIWAN/JAPAN, November 28th, 2019 – 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.
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.
By means of this acquisition, Nuvoton not only obtains PSCS’ R&D manpower, “Sensing” technologies, “Microcontroller” technologies and ”Component” technologies, but also acquires the lands in Nagaokakyo City, Kyoto Prefecture and other four locations. In the long term, Nuvoton is expected to enhance the technology capabilities, diversify the product line, enlarge its business scopes as well as revenue growth, gain additional market shares and therefore increase its visibility in both Japan and the global market.
Confronted with fierce competition in the global semiconductor industry, Nuvoton will uphold the principles of sustainable development and globalization to promote innovative applications and services to the global market. By this acquisition, Nuvoton will be able to capture the long-term growth trends in the industrial automation and automotive sectors, create a strategic position for the company's industrial growth, expand global sales channels and increase the company's influence in the global semiconductor industry. It can be expected that the similar company core value and culture of sustainable development between Nuvoton and PSCS will create more value for our customers and shareholders.
About Nuvoton
Nuvoton Technology Corporation (NTC) was founded to bring innovative semiconductor solutions to the market. NTC was spun-off as a Winbond Electronics affiliate in July 2008 and went public in September 2010 on the Taiwan Stock Exchange (TSE). Nuvoton Technology focuses on the developments of microcontroller, microprocessor, smart home and cloud security IC and has strong market share in Industrial, Consumer and Computer markets. Nuvoton owns a wafer fab, featuring customized processes for analog and power products. Besides in-house IC products, the wafer fab also provides part of its capacity for foundry services. Nuvoton Technology provides products with a high performance/cost ratio for its customers by leveraging flexible technology, advanced design capability, and integration of digital and analog technologies. Nuvoton values long term relationships with its partners and customers and is dedicated to continuous innovation of its products, processes, and services. The company has established subsidiaries in the USA, China, Israel, India, Singapore and Korea to strengthen regional customer support and global management. For more information, please visit http://www.nuvoton.com
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