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Credit crunch knocks sale of Sanyo Semiconductor |
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Oct 17, 2007 at 12:07 PM |
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 The sale of Sanyo Semiconductor to Advantage Partners LLP, a Japanese private equity firm, has been abandoned due to the current credit crunch in financial markets, according to Reuters and other news agencies.
The rumored $1 billion (approximate) deal was part of Sanyo’s plan to focus on higher margin and growth businesses as it struggled to return to profitability after several years of heavy loss making.
Sanyo is now believed to be looking at ways to improve its semiconductor operations, which reportedly broke even in the first half of the year.
Sanyo said that it would include the semiconductor division within its forthcoming Master Plan or the new Mid-term Management Plan, though it is still considering all possibilities for the future of the semiconductor division.
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Fab management 
