TOKYO: Panasonic Corp plans to sell three chip-assembly plants in Southeast Asia to Singapore's United Test and Assembly Center Ltd, sources familiar with the matter said on Friday, as part of Panasonic's global reorganisation.
The three plants to be sold to UTAC in Indonesia, Malaysia and Singapore, account for most of the 6,000 employees in Panasonic's overseas chip operations. The news was first reported in the Nikkei business daily.
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