Sunday, July 4, 2010

(AFX UK Focus) 2010-07-02 09:59 UPDATE 1-Sanyo finalising chip unit sale to ON Semi-sources

TOKYO, July 2 (Reuters) - Japan's Sanyo Electric is close to finalising the sale of its semiconductor business to U.S.-based ON Semiconductor, three sources told Reuters on Friday. ON Semiconductor will pay between 20-30 billion yen ($228 million-$342 million) for the unit, Kyodo news agency said. Sanyo, majority owned by Panasonic Corp, aims to reach an agreement with the firm, based in Phoenix ...
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