Thursday, March 15, 2007
Sanyo Electric will sell its semiconductor operations as part of a restructuring plan, according to a report.
Responding to reports, Sanyo said it is considering various possibilities but has yet to settle on a final restructuring plan.
The sale of Sanyo semiconductor business is nevertheless considered likely ever since it announced a three-year restructuring plan in July 2005.
Sanyo's chip operations have struggled since a severe earthquake in October 2004 that heavily damaged its main semiconductor fab.
Sanyo Semiconductor had sales of ¥193.5 billion ($1.7 billion) in its last fiscal year ending in March 2006. Its product portfolio includes power semiconductors and mixed-signal chips, but it does not own advanced process lines. The chip units lost money in its last fiscal year, but is expect to generate a profit during the fiscal year that ends March 31.
By: DocMemory
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