Israeli chip manufacturer TowerJazz said on Monday it will not sell its 51% stak...
This follows an announcement last week that Panasonic will sell its semiconductor business to Taiwan’s Nuvoton Technology Corp for $250 million.
News reports had said that sale would include the entire JV with TowerJazz, which operates three Japanese chipmaking facilities. “Pursuant to its long-term strategy and growth plans, TowerJazz will continue its operations and manufacturing activity at TPSCo Japanese manufacturing facilities,” TowerJazz said in a statement.
The company does not plan any changes to its manufacturing services and therefore there will be no impact on its business relationship with customers, it said.
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