July 20, 2010
Sanyo To Sell Semiconductor Unit To US Firm
Sanyo Electric Co., Ltd. (Sanyo) announced that it will sell Sanyo Semiconductor Co., Ltd., a subsidiary of Sanyo to ON Semiconductor Corporation, a Nasdaq-listed supplier of semiconductors and integrated circuits for $336 million. The sale is an effort to divest Sanyo of its non-core businesses under the initiative of parent, Panasonic Corp.
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