Panasonic’s sale of their image sensor business did not impact TowerJazz

Two weeks ago, Panasonic announced that they will sell their image sensor business to Taiwan’s Nuvoton Technology for $250 million. Initially, there was some confusion about whether the sale will also include TowerJazz, which was part of the TowerJazz Panasonic Semiconductor Co. joint venture. TowerJazz issued a press release clarifying that the company is planning to keep their 51% share of TowerJazz Panasonic Semiconductor Co.:

“TowerJazz, the global specialty foundry leader, clarifies following recent press releases in connection with the sale of Panasonic semiconductor business to Nuvoton that it will not sell its TPSCo shares and will maintain its 51% ownership and Board control in TPSCo.

Pursuant to its long-term strategy and growth plans, TowerJazz will continue its operations and manufacturing activity at TPSCoJapanese manufacturing facilities, in accordance with the recently extended contract with PSCS, and do not plan any changes to its foundry services and therefore no impact on the business relationship with its foundry customers.”

For several years TowerJazz has been rumored to be the sensor supplier for several Leica camera models.

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