Reading Guide:    On the afternoon of November 28, Xintang technology under Huabang electronics officially announced that it would acquire Panasonic semiconductor business PSCs for us $250 million (about RMB 1.76 billion), and the delivery is expected to be completed in June next year.    
   
   At 5 a.m., a news from Japan economic news ignited the first fire.    
   

One stone aroused thousands of waves, and the major media ate melons one after another, but Panasonic delayed to respond. In the face of overwhelming reports, the protagonist Xintang technology finally held a press conference on the afternoon of November 28 to provide you with a real hammer.
   
   1. There are early signs    
   
   According to the chip master,    On the afternoon of the 27th, Xintang Technology issued an announcement on the suspension of trading for one day on the 28th    , it has attracted the attention of local media in Taiwan and believes that the M & A of Xintang technology is imminent.
   
   According to Taiwan media times consulting, relevant market participants believe that there is a precedent for MCU manufacturer Songhan to acquire power IC designer Hongguan power in July this year. Xintang technology should also acquire similar IC designers to achieve the purpose of product diversification and absorbing talents, but it may be a new small manufacturer.
   
   As a result, Panasonic will be a wholly-owned subsidiary today    Panasonic Semiconductor Solutions. Ltd (hereinafter referred to as PSCs)    ）Sold to Xintang technology, it shocked everyone.
   
   2. Real hammer birth    
   
At 17:05 p.m. on November 28, the long-awaited media finally waited for the real hammer:    Xintang technology announced that it has officially signed the share and asset purchase agreement with Panasonic, Japan, to acquire Panasonic's semiconductor business PSCs with us $250 million in cash, and the delivery is expected to be completed in June next year.    
   

Xintang made a public statement:    There is no layoff plan at present.    In other words, although PSCs is at a loss, Xintang technology still does not consider giving up these talents.    In addition, Xintang technology focuses on the "quite valuable" R & D technology of PSCs.
   
   

Xintang technology is a first-line manufacturer of 32-bit MCU. Q3 in 2019 benefited from the prosperous shipment of microcontroller (MCU), and the consolidated revenue in a single quarter reached NT $2.944 billion, with a quarterly increase of 13.9% and an annual increase of 11.4%. At the same time, it hit a record high in quarterly revenue and has a good development momentum.

Xintang technology is an important subsidiary of Huabang electronics, a semiconductor storage enterprise in Taiwan. As of the end of 2018, Huabang electronics held 62% of Xintang technologyAt present, it has a 6-inch wafer factory and a 12 inch wafer Park factory, with a total of about 4300 employees.

   3. It makes sense    
   
   In the 1990s, Panasonic was one of the top ten semiconductor manufacturers in the world.    However, after the rise of Taiwan and South Korea, the situation slowly lost its voice.    
   
   

   In 2014, Panasonic closed factories in Okayama and Kagoshima counties.    In April this year, Panasonic announced that it would sell part of its semiconductor business to Roma and strive to push down the reconstruction.
   
   Panasonic held an investor business briefing in Tokyo on November 22, stating that it plans to eliminate all structural loss making businesses by the end of 2021 (by the end of March 2022).
   
   At present, Panasonic is committed to the on-board business such as battery management of a new generation of electric vehicles.    Panasonic successfully sold all its semiconductor businesses, which means unloading the heavy burden and a new start.
   
   We don't have to indulge in the past for Japanese semiconductors. Maybe their eyes have already seen the new world.    No matter how times change,    The sun always rises as usual.