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Sanyo sells off semiconductor business, restructures for the future

September 24th, 2007 · No Comments

Sanyo is throwing in the towel on it semiconductor business. The Osaka-based maker of Xacti camcorders and LCD projectors will sell all the shares in Sanyo Semiconductor Company to Advantage Partners, for an estimated 100 billion Yen. The move is the second stage of a major business restructuring. The company recently off-loaded its mobile phone business to Kyocera and is looking to sell its white goods business to Chinese manufacturer Haier.

Tags: Corporate · Home cinema · Trade

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